LF Miton UK Smaller Companies, Ardevora UK Equity and MFM Bowland are among the seven UK equity funds in the Investment Association (IA) universe to have achieved less than half the losses suffered by the FTSE 100 index since its year-to-date peak on 17 January, research from Investment Week and data from FE fundinfo shows.
The blue-chip index had a relatively sanguine start to the year, broadly flatlining until it reached its peak of 1.8% halfway through the month - two days after the World Health Organisation (WHO) announced the first confirmed case of coronavirus outside of China.
Since the 17 January and as the global Covid-19 pandemic has ravaged the economy, the FTSE 100 has plummeted 22.9%, making it one of the worst-performing major regional indices across the globe.
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This has naturally taken its toll on the performance of UK equity funds, with the average vehicle in the IA UK Smaller Companies, IA UK All Companies and IA UK Equity Income sectors losing 22.7%, 23.6% and 24.7% over the same time frame.
However, seven out of 391 funds within these sectors have posted half of the losses of the index from 17 January to time of writing (7 May). It should be noted that all of these have a bias towards smaller companies, which have seen a more significant bounceback than their large-cap counterparts since the market bottomed on 19 March.
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In the gallery above, Investment Week looks at the funds that have best weathered the pandemic and how they have differentiated themselves from the blue-chip index.