Article taken from: www.morningstar.co.uk
Energy and UK funds were the best performers during the month when global shares rallied, while gold and bond funds lagged behind Annalisa Esposito 1 December, 2020 | 2:08PM November’s strong rally caught many investors by surprise after a weak October, turning many of the funds that were at the bottom of the pile into winners, and pushing former high performers into the list of laggards. How many people at the start of the year had ever used the word efficacy? The announcements by Pfizer, Moderna and AstraZeneca turbo charged markets, even though widespread vaccinations won’t occur until well into 2020.” During the November surge in equity prices, the best performing fund in the month skyrocketted by 33%, while the worst performing one fell by over 9%. […] With UK funds often having a strong value tilt, half of the names in the table belong to a Morningstar UK Equity category after a bruising year for UK funds. […] Fund Fund Sector Equity Precious Metals -9.3 Fund Sector Equity Precious Metals -8.7 Fund Alt – Market Neutral – Equity -3.5 PIMCO GIS US Short Term Silver Fund USD Diversified Bond – Short Term -3.2 BNY Mellon Absolute Return Equity Neutral Fund Alt – Market Neutral – Equity -3.1 Fund Asia Bond – Local Currency -3.1 MFS Meridian US Government Bond Negative Fund USD Government Bond -3.0 It’s not surprising then that two gold funds are at the bottom of the pile in November – the Bronze-Rated BGF World Gold and BlackRock Gold and General, which tumbled by 9.3% and 8.7% respectively.
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