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.
Taking the unwanted honour of the worst-performing fund in the three months to June 30, 2018, is MFS Meridian Latin America which fell 21.9% in sterling terms over the period.
Managed by Jose Luis Garcia at MFS Investment Management, the $22.9m fund sits in the IA Specialist sector, which rose 2.32% over the same period.
At the end of May, the fund’s two biggest sector weightings were to financial services (30.8%) and basic materials (22.22%), while its largest individual holding was in Brazilian financial services company Banco Bradesco, which made up 7.69% of the overall portfolio.
Tags: Investment Strategy
