Blurred symmetry in Q1 fund performance figures
5 Apr 16
What a difference a year makes. In the first quarter of 2015, the top 10 funds were a mixture of Japanese equities, Russian equities, and biotechnology funds, with a frontier markets fund rounding things out.
While the bottom of the performance table was populated by Brazilian equities, smaller companies funds and energy funds, according to data from FE Analytics.
Fast forward 12 months and the tables have an element of mirror image to them – albeit a distorted, funhouse mirror.
Brazil has rebounded strongly, while gold has surged ahead and biotechnology’s star has faded dramatically.
