SIX launched the “EuroPerformance Alpha League Table” ranking 16 years ago. As a renowned provider of high quality financial data, SIX identified then the potential of such an analysis on the market and developed this ranking based on a cutting-edge method. It has since become a benchmark on the French market. At a time when passive forms of investment are enjoying an increased popularity, it is crucial to demonstrate the value of active management with comprehensive and detailed data.
The calculation of the alpha value requires a precise determination of risk positions. The benchmark, which represents the actual risks taken by the fund manager, is determined by analyzing the fund's returns using a multi-index regression on investment styles - using Nobel Prize winner William Sharpe's “Return Based Style Analysis” method.
2020 has shown very encouraging results for active management despite the turmoil caused by the global pandemic or the uncertainties related to the US presidential elections, without forgetting the numerous strong geopolitical tensions in Europe and Asia. The predominance of European Equities is still scoring high this year. Among the 28 institutions getting a mark, here stands our Top 10: