Five worst performing funds in April
By Kristen McGachey, 3 May 18
Mark Carney cast doubt on a May rate rise, UK GDP grew at its most sluggish pace in over five years, US treasuries hit 3% and Russia faced US sanctions. So which funds had the toughest time navigating April? Our sister publication Portfolio Adviser examines performance figures from FE.
The Neptune Russia & Greater Russia fund returned -4.2% last month, reversing gains made over the first quarter when it returned 5.54% to investors.
Although the Robin Geffen (pictured) run fund featured in the top five funds in Q1, it lost its footing in April as President Trump’s sanctions on Russia, retaliation for its alleged meddling in the 2016 US election, took their toll on the Russia market and the ruble hard.
As Adrian Lowcock noted, Russian equity markets weighed on the returns of the IA Global Emerging Markets sector, which was the only equity sector to feature in the bottom 10 worst performers.
Tags: Baillie Gifford | City Financial | Invesco | Legg Mason | Neptune
