WILMINGTON, Del.--(BUSINESS WIRE)--Just released by Turing Technology, the “Investment Industry’s Strongest Actively Managed US Equity Lineups” report introduces a first-of-its kind analysis that evaluates active fund managers’ product-line excellence. What makes this approach unique is that it focuses on best-of-the-best performance – only a firms’ best performing fund or ETF per investment style box were used.

The report evaluated 428 firms and nearly 1,800 ETFs and funds, identifying each firm’s best-performing offerings within each of the nine style boxes (e.g., large cap blend, small cap growth) based on five-year trailing returns or performance since inception. Four tiers of Medalists (22 of the 428 firms) were highlighted in the report based on style-box coverage, Success Rates in outperforming benchmarks, and average annual excess returns versus benchmarks for the full lineup. The report includes full detail for the 62 firms that qualified based on having at least one actively managed fund or ETF in at least five of the nine US equity style boxes.

Two firms achieved a Platinum status based on outperforming across all nine style boxes: Fidelity and portfolios powered by Turing Technology’s Ensemble Active Management (EAM) technology. Of the two, EAM outdistanced Fidelity with an average annual excess return across all style boxes of 577 basis points (5.77%) versus 330 basis points for Fidelity. JP Morgan and Principal Funds earned Gold Medals.

“This study had a striking takeaway: just 16% of firms achieved a 75%+ success rate with positive excess returns across THEIR VERY BEST strategies in each style box. It is no wonder that active mutual funds have seen trillions in outflows over the past decade,” said Rob Nestor, President of Turing Technology.

The EAM strategies powered by Turing as well as Fidelity’s best performing Large-cap Value ETF use an approach to investing that falls under the rapidly growing approach to investing being referred to as High Conviction Investing Phase 2, or HC2.0. HC2.0 portfolios leverage the consensus highest-conviction stock selections from multiple expert managers into a single, optimized portfolio.

“The bright side of the Report is that HC2.0 portfolios are demonstrating an ability to actually deliver on the industry’s mandate to outperform the benchmark,” added Nestor. “And Turing’s technology allows our clients to deliver superior active management using this breakthrough investment approach.”

HC2.0 isn’t just another investment trend; it is emerging as a fundamentally smarter way to actively manage money – steeped in science with major institutions already tapping into this potential.

“Investment firms that recognize this shift early will be well-positioned to take advantage while traditional managers struggle to meet their objectives,” added Nestor.

To access the Report, link here. To learn more about Turing visit turingta.com.

About Turing Technology

A technology pioneer, Turing leverages machine learning and innovation to access unparalleled mutual fund intelligence, and then to fundamentally redefine how investment strategies are built and delivered. The breakthrough Hercules.ai^TM fund replication technology extracts real-time holdings and portfolio weights from public mutual funds and ETFs, has been operational since 2016, and its database currently houses the replicated daily holdings and weights from 90+% of the actively managed universe. Turing’s lead offering is Ensemble Active Management, which is poised to transform active investment management.

Turing is not an investment management or advice firm. It is a technology company that licenses its technology and Intellectual Property to financial and investment firms to allow them to create and deliver superior investment solutions.