The worst-performing funds of Q2
By Adam Lewis, 5 Jul 18
While funds invested in oil and gas companies dominated the lists of the best-performing funds in the second quarter, those investing in Latin America found themselves at the bottom of the table.
The first of two Brazil-only invested making an appearance is the $393.5m HSBC GIF Brazil Equity Fund, which fell 20.06% in the second three months of 2018.
Launched in August 2004, it seeks long-term capital growth by investing primarily in a diversified portfolio of investments in equity and equity equivalent securities of companies which have their registered office in Brazil and with an official listing on a major stock exchange or other regulated market of Brazil.
It also invests in companies which carry out most of their business activities in Brazil. The fund is benchmarked against the MSCI Brazil 10/40 Composite Index, which in sterling terms fell 20.46% over the same period.
Tags: Investment Strategy
