SIX launched the “EuroPerformance Alpha League Table” ranking 17 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.
This 2022 edition shows an interesting recovery of active investment strategies, with all indicators trending upwards. Despite the persistence of COVID-19 and highly fluctuating markets, the performances of asset management companies, funds, and alphas have progressed. The domestic market, Europe in the broader sense, continues to dominate the share of winning funds. The predominance of European Equities is still scoring high this year. Among the 28 institutions getting a mark, here stands our Top 10: