Equity mutual funds fell back on average in January on the back of volatile world stock markets whil...
Equity mutual funds fell back on average in January on the back of volatile world stock markets while bond funds posted a rise in value last month, according to figures from Lipper. Overall, equity unit trusts and Oeics in the IMA sector fell by an average of 0.42% in January, their first negative returns since September 2001. Bond funds were up by an average of 1.05% for the month, seeing a recovery from their average fall of 1.9% in December last year. The Far East ex Japan sector was the best performer of all sectors, returning 5.95% during January, followed by the Global Emerging ...
To continue reading this article...
Join Professional Adviser for free
- Unlimited access to real-time news, industry insights and market intelligence
- Stay ahead of the curve with spotlights on emerging trends and technologies
- Receive breaking news stories straight to your inbox in the daily newsletters
- Make smart business decisions with the latest developments in regulation, investing retirement and protection
- Members-only access to the editor’s weekly Friday commentary
- Be the first to hear about our events and awards programmes