It is important to note, that performance of a fund is only one out of many criteria that we look at, when rating a fund. Past performance of a fund, may or may not be replicated in the future, and our rating methodology focuses on a comprehensive set of factors that lay the foundation for a fund to continue to outperform over the longer-term.

In certain market conditions, it is very possible for certain relatively lower-quality funds to deliver strong performance, but it is important to evaluate the conditions under which this performance was delivered and whether the investment team has the required pedigree & enabling ecosystem to continue to perform over the longer-term.

This is why there will be always be certain funds that may show strong performance historically, but that we rate low in our rating methodogy. Greater details on our rating methodology are available in our blog posts.