Friday 18 August 2017

The investment funds that lost - and won - most money

'Eight of the 10 worst-performing funds had exposure to emerging markets, including China, Latin America and Africa. This reflects the volatility of emerging equity markets over the last year'
'Eight of the 10 worst-performing funds had exposure to emerging markets, including China, Latin America and Africa. This reflects the volatility of emerging equity markets over the last year'
Independent.ie Newsdesk

Independent.ie Newsdesk

Investment funds which put their money into gold, oil and emerging markets were amongst the biggest losers over the last year - while funds which invested in property and Japanese shares were some of the biggest winners, according to stock market analysts Morningstar.

Morningstar tracked the performance over the last year of established investment funds that are domiciled in Ireland.

The fund - Deutsche Noor Precious Metals Securities B - dropped by almost 37pc between late January 2015 and late January 2016. This made the fund, which invests in the shares of companies engaged in activities related to gold, silver, platinum or other precious metals, one of the worst performers of the last year, says Morningstar.

The Guinness Global Energy A fund, which invests in the securities of big energy companies - including oil producers - was the tenth worst-performing fund, according to Moringstar. That fund made a 27pc loss between over the last year.

Eight of the 10 worst-performing funds had exposure to emerging markets, including China, Latin America and Africa. This reflects the volatility of emerging equity markets over the last year. The Findlay Park Latin American fund, which invests in shares in Latin America, fell by about 35pc over the last year, according to Morningstar. (Brazil is a major exporter of oil.)

The Coronation All-Africa A fund, which largely invests in African shares, fell by about 34pc.

A fund which invests in the shares of property companies - Principal Global Investors Funds Global Property Securities Fund I GBP Hedged Ac - was the best performer of the last year, Morningstar's analysis found.

This fund climbed by 39pc between late January 2015 and late January 2016.

The Waverton Global Equity Select EUR A Acc, which invests in global equities, was the second-best performer, gaining 24pc.

A fund which invests in Japanese shares - the Lindsell Train Japanese Eq A Yen - was also in the top 10 funds, as was the Invesco Korean Equity A Inc fund - which invests in Korean securities.

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