Gold outperforms during 'biggest global shutdown in history'

Best performing gold fund returns 44% over April

As markets spent the past month "oblivious to the economic reality" by recovering from their precipitous falls, the clear winner over April was the archetypal 'safe haven', gold, according to Ben Yearsley, co-founder of Fairview Investing.

Of the ten best performing funds for the month, eight were gold and precious metals products, with the best performing Quilter Precious Metals rising over 44%. At the other end of the scale there is less sector bias, although property and absolute return are notable constituents, with "perennial underperformer" Jupiter Absolute Return highlighted by Yearsley, losing 2.2%, according to FE fundinfo. Recession in the UK property market 'likely well underway' Outside of commodities, the best-performing sectors leaned towards smaller companies, with three of the top five being North Ame...