LSEG Lipper announced the winners of the LSEG Lipper European Fund Awards 2026, held in the City of London.
The best funds in Europe – The LSEG Lipper Fund Awards honour those funds with the highest score in the Lipper Leader rating for Consistent Return over the three, five, and/or 10-year periods. Overall, 143 funds won an award for the three-year period ended December 31, 2025, across both Active and Passive categories. In addition, 138 funds were recognised with a Lipper Fund Award over the five-year period, and 99 funds won the prestigious trophy for the 10-year period.
This year’s awards also marked an important evolution in the LSEG Lipper Fund Awards programme with the introduction of two distinct categories; Europe Active and Europe Passive. This new structure reflects the increasingly diverse fund landscape and the need to recognise excellence across both actively managed and index-tracking products. By distinguishing between these strategies, the awards now provide a clearer and more accurate view of the competitive dynamics shaping today’s investment industry.
European Active Funds – winners
THEAM QUANT Equity EuroZone Guru C Capitalisation won the LSEG Lipper Fund Award for the Equity Europe category over the three-year period. White Fleet IV – DIVAS Eurozone Value – share class R (EUR) acc won over the five-year period, while Quoniam Funds Selection SICAV European Equities EUR A Dis won over the 10-year period.
Alken Fund Small Cap Europe – R EURO was named the winner for Equity Europe Small- and Mid-Cap over the three- and five-year periods, while SQUAD – Growth – A was top over the 10-year period.
Within the bond classifications, Berenberg Financial Bonds R A achieved a clean sweep in Bond Europe, winning the award over three, five, and 10 years.
European Passive Funds – winners
UBS EURO STOXX 50 ESG UCITS ETF EUR dis won the Passive Equity Europe category over the three- and five-year periods, while iShares Dow Jones Eurozone Leaders Screened UCITS ETF (DE) was top over 10 years.
Xtrackers EURO STOXX Quality Dividend UCITS ETF 1D took the Passive Equity Europe Income award over the three-year period. Invesco EURO STOXX High Dividend Low Volatility UCITS ETF Dist won for the five-year period, and iShares STOXX Europe Select Dividend 30 UCITS ETF (DE) was named the best fund over the 10-year period.
iShares MSCI EMU Mid Cap UCITS ETF EUR (Acc) was named the Passive winner for Equity Europe Small- and Mid-Cap over the three-year period. SPDR MSCI Europe Small Cap Value Weighted UCITS ETF won over the five-year period, and UBS MSCI EMU Small Cap UCITS ETF EUR dis was top over the 10-year period.
The best fund managers in Europe
The group awards are divided into large and small asset management groups based on regional assets under management. It is not enough for a fund management company to hold just one large fund. A large group must have at least five equity, five bond, and three mixed-assets portfolios, while a small group must have at least three equity, three bond, and three mixed-assets portfolios.
European Active Fund Managers – winners
The winning groups for the overall awards demonstrated above-average risk-adjusted performance across bond, equity, and mixed-assets products. In this category, 44 large groups and 11 small groups competed.
Liechtensteinische Landesbank won the award for the best small fund management group, while Rothschild was again named the best large fund management group.
Within the bond segment, Tikehau Capital was named the best small asset manager, outperforming 53 competitors. Carmignac was again the best large bond fund manager, beating 64 competitors.
Alken outperformed 122 opponents to become the best small asset manager in the equity segment. LGT Group won the award as the best large equity asset manager, beating 74 competitors.
In the mixed-assets segment, 53 large and 35 small asset managers competed. Swiss Rock again won as the best small manager, while Societe Generale took the award for the best large manager.
European Passive Fund Managers – winners
Within the bond segment, Vanguard outperformed seven competitors to be named the best large bond product manager in the Passive category.
HANetf outperformed four competitors to become the best small asset manager in the equity segment. Vanguard also won the award as the best large equity asset manager, beating 16 competitors.
As mixed-assets are not a core category in the European ETF industry or for passive products generally, there were no group award winners in this category.
Otto Christian Kober, Head of Lipper Research, LSEG Data & Analytics, said:
“For the first time, LSEG Lipper is calculating two different fund awards in Europe, covering both mutual funds and, for the first time, ETFs: one for active and another for passive products.
The 2026 LSEG Lipper Fund Awards mark another volatile three-year stretch for global markets. The managers we’re recognising have guided investors through an environment where base rates have spiked and then diverged, as central banks navigated new and challenging inflationary landscapes, alongside uneven global growth and heightened geopolitical risk.
Whether active managers entered the market in the era of easy money or have navigated cycles for decades, the recent period made one thing clear: durable results come from a disciplined process, not prediction. The same is true for passive products, during times of uncertainty, a robust plain-vanilla index methodology is often the most important factor in determining award winners.
We congratulate the 2026 LSEG Lipper Fund Award winners for delivering outperformance and the steady reassurance of consistency through changing market conditions.”
