The ten funds shooting the lights out in H1 2020

Commodities products flood top ten

Matthews China Small Companies, Morgan Stanley US Growth and LF Ruffer Gold were among some of the top-performing Investment Association funds during H1 2020, according to data from FE fundinfo, with respective gains of 62.5%, 62.3% and 53.5% despite choppy and extreme market conditions induced by the coronavirus pandemic.

Since the start of the year to the middle of March, the MSCI World index tumbled by more than 20% as the virus forced most countries into a sudden lockdown. However, as central banks began to implement record-breaking stimulus in a bid to minimise economic damage and investors clambered towards quality growth investments, many markets made a swift U-turn and began to rally, with the S&P 500 - which has a 40% combined weighting in technology and healthcare stocks - climbing almost 25% in less than two months to break even, after reaching its 2020 low of -20% in March. Retail funds cont...