I usually don't trust small fund return figure, depend what stocks they hold that figure can be
easily be manipulated and there is no way to tell.
Let say you hold concentrated 15 stocks and the closing date for the report is 30/06
it wouldn't be too hard for you to make some trade that move price the way you want it
to move so the fund out perform the index and with smaller il-liquid stock it even easier.
there are plenty of them claiming out performing the index
but most of their members aren't much richer
easily be manipulated and there is no way to tell.
Let say you hold concentrated 15 stocks and the closing date for the report is 30/06
it wouldn't be too hard for you to make some trade that move price the way you want it
to move so the fund out perform the index and with smaller il-liquid stock it even easier.
there are plenty of them claiming out performing the index
but most of their members aren't much richer