A tumultuous June may have taken the edge off many of the sizeable gains made by funds in the first half of 2013, but it was not enough to derail performance completely.
Figures from Morningstar analysing the performance of 2,439 UK-registered funds in its investment universe show the average fund gained a healthy 7.2% in H1. But, as ever, the biggest winners and losers exhibited a much wider range of returns. The 20 top funds Topping the pile of best performing funds were two Japanese equity offerings. Investors' approval of the country's 'Abenomics' stimulus programme may have moderated after equities shed 20% from their late-May peaks, but the Nikkei remains up over 30% year-to-date. Legg Mason's Japan equity fund, renowned for its high beta pla...
To continue reading this article...
Join Investment Week for free
- Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
- Get ahead of regulatory and technological changes affecting fund management
- Important and breaking news stories selected by the editors delivered straight to your inbox each day
- Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
- Be the first to hear about our extensive events schedule and awards programmes