The 10 worst performing funds of 2011

With equity markets around the world diving in the latter half of the year amid the turmoil in Europe and global growth fears, a number of funds were hit particularly hard.

Below is a list of the ten worst performing funds of 2011 which are registered in the UK (according to Morningstar, 31/12/10 to 9/12/11) SF t1ps Smaller Companies Gold - loss of 42.19% Run by Tom Winnifrith, the fund invests predominantly in London-listed gold miners, with some exposure to companies listed overseas. A move out of risk in the latter half of the year has caused performance to plunge, as investors piled out of cyclicals into defensives. HSBC GIF Indian Equity - loss of 39.25% Still a fantastic performer over three years, its returns have been dented by 2011's perf...