The best and worst funds of the first half
1 Jul 16
While gold funds were the out and out winners of the first half of the year, the worst performers were much more of a mixed bag.
Gold
Gold funds outstripped all competition in the first half of 2016 according to FE Analytics data, albeit off a pretty low base, having done pretty poorly in the previous few years. Indeed, of the top 10 best performing funds, seven were gold funds and one was a general mining fund.
The clear winner was the MFM Junior Gold Fund, at only £11m it is unlikely to feature on many buy lists but it produced a more than creditable 165% return in the first six months of the year, likewise the even smaller SF Peterhouse Smaller Companies fund at £2.1m is actually under the £10m lower limit, but we thought we may as well include it.
If it is excluded, then Invesco Perpetual’s Japanese Smaller Companies fund scrapes into the top 10 with a creditable 50.9% return, even more creditable when the losers are revealed.
Tags: Gold | Investment Strategy
