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.
India’s emergence as an exciting place to invest in the emerging markets universe over several years has been a major boon for Jupiter’s India focused fund.
Recently, the fund made Hargreaves Lansdown’s list of most bought funds by its ISA and SIPP investors.
The £745.5m fund, managed by Avinash Vazirani, is overweight financials (19.18%), consumer goods (18.08%), industrials (12.26%) and oil and gas (12.02%) as at 28 February 2017.
Though large cap companies make up 56.07% of the portfolio, a large chunk (29.58%) is invested in mid-sized companies, which is one of the reasons the fund suffered until three years ago.
“Back then, the blue-chip Indian companies were doing incredibly well,” recalled Hargreaves Lansdown research director Mark Dampier.
“The big international investors were buying the big names and leaving the mid and small-caps.”
But now, the “macro change in the government has changed the whole impetus over there,” said Dampier.
“It’s sparked a huge change and caught people’s imaginations as well. The region remains quite volatile but has generally seen better performance as well.
“But the truth of the matter is, people look for investment stories and India appears to satisfy that for a large degree of investors. Whereas the developed world is seen as being pretty boring.”
Tags: Investment Management
