Top 10 best performing funds in the UK
10 Apr 17
The first quarter of 2017 extended the hectic end to last year with plenty of macro and market events to keep fund managers on their toes. Here, based on data from FE Analytics, are the top 10 performing UK retail funds by three-month performance.
Neptune’s India focused fund came in third place, just behind Jupiter’s own India fund, in FE’s ten best performing funds of the first quarter.
Under the steady hand of Kunal Desai, the fund has returned 17.20% during the first three months of 2017 and 6.74% last month alone.
Though Courtiers Investment Services’ head of fund and asset management Caroline Shaw does not invest in the Neptune India fund, she was not surprised that it bested more diversified funds over Q1.
“The India sector was up 3.3% in March alone and produced a total return of 12.07% for the year-to-date. The only other sectors that were MSCI China and Silver Price. Nothing else even gets close,” she stressed.”
The fact that two India-funds occupy the top two and three positions in FE’s data is further proof that the India story has legs, Hargreaves Lansdown’s Mark Dampier suspects.
“People are starting to catch onto the fact that India has great demographics, that are far better than China. And their stock market has been there for a very long time, again, unlike China,” he said.
Tags: Investment Management
