Commodity funds suffer in July as biotech vehicles rally, says Lipper

Two biotech funds were amongst the top five best-performing vehicles in July, according to Lipper. ...

Two biotech funds were amongst the top five best-performing vehicles in July, according to Lipper. Axa Framlington Biotech was the top-performing fund with a return of 14% over the calendar month whilst Franklin Biotechnology was second with 12.58%. This compares to the average fund out of 1,915 vehicles posting a loss of -2.08%. Dr Richard Ramyar, Lipper's head of research, said: “July’s top performers were driven by a strong biotech theme. Biotech equities have generated very respectable returns during the testing market environment of the past year and these funds reflect that trend.”...