Indian funds are top performers while resource funds are badly hit by oil price

1st December 2014

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Indian funds remain in the ascendancy in 2014 to date, while resource funds have been hit by the oil price slide says Laith Khalaf, Senior Analyst, Hargreaves Lansdown. Gilt funds have topped the sector charts.

‘The top and bottom performing funds tell two sides of the same story, namely the plummeting oil price. The bottom of the table is populated with funds with high exposure to resources, including via the Russian market. Meanwhile the top of the table is dominated by Indian funds, a country which is a major beneficiary of a lower oil price because of the amount of fuel it imports. Indian funds have also enjoyed a tailwind from the new reformist government, led by Narendra Modi, with its pro-business agenda,” says Khalaf.

Top performing funds (year to date)

Fund

% growth

First State Indian Subcontinent

54.06

Neptune India

53.55

Jupiter India

53.45

Invesco India Equity

46.41

HSBC GIF Indian Equity

43.97

AXA Framlington Biotech

41.75

JPMorgan India

41.30

JPM Turkey Equity

36.95

AXA Framlington Health

28.94

Schroder Global Healthcare

28.02

Worst performing funds (year to date)

Fund

% growth

Jupiter Emerging European Opportunities

-17.57

Charlemagne Magna Eastern

-17.90

Invesco Perpetual Emerging European Acc

-18.77

JPM New Europe

-18.98

Artemis Global Energy

-20.34

The Holly

-23.33

SF Webb Capital Smaller Companies Gold

-23.88

Neptune Russia Special Situations

-29.75

Neptune Russia & Greater Russia

-29.96

Thesis Australian Natural Resources

-37.81

Top performing funds (November 2014)

Fund

% growth

JPM Turkey Equity

10.12

CF Eclectica Absolute Macro

9.57

BlackRock Gold & General

8.83

HSBC PPP European Growth

8.62

HSBC FSAVC European Growth

8.58

Old Mutual Blackrock Gold & General

8.42

FP Argonaut Absolute Return

8.04

Sylvan Global Opportunities

7.80

Sylvan Bromfield Investments

7.79

Scottish Widows HIFML US Strategic

7.77

Worst performing funds (November 2014)

Fund

% growth

JPM New Europe

-3.21

Aviva Investors Asia Pacific Property

-3.24

SF Fundamental Energy

-3.75

Investec Global Energy

-4.03

SF Webb Capital Smaller Companies Gold

-4.19

Invesco Perpetual Emerging European

-5.14

Artemis Global Energy

-7.76

Neptune Russia & Greater Russia

-8.38

Thesis Australian Natural Resources

-13.33

Junior Oils

-16.00

Top performing sectors (year to date)

Khalaf adds: “At a sector level UK index-linked gilts have had a terrific year, as expectations of an interest rate rise have drifted further and further out. Likewise the US market has once again delivered excellent returns for UK investors, partly driven by the performance of US stocks but also boosted by a strengthening dollar.

“Bringing up the rear are smaller companies, which have been set back this year after enjoying a pretty spectacular 2013. However the fact that only two sectors are posting losses so far this year, and modest losses at that, underlines the fact that 2014 has been a relatively good year for most investors.”

Sector

% growth

IMA UK Index Linked Gilt

17.11

IMA North America

16.77

IMA Technology & Telecoms

13.80

IMA UK Gilt

12.57

IMA Property

11.55

Worst performing sectors (year to date)

Sector

% growth

IMA UK All Companies

0.84

IMA Money Market

0.12

IMA Short Term Money Market

0.11

IMA European Smaller Companies

-1.19

IMA UK Smaller Companies

-3.00

 

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