Japanese equity unit trust and Oeic funds were the UK's strongest performers over the three months t...
Japanese equity unit trust and Oeic funds were the UK's strongest performers over the three months to the end of March, according to the latest monthly Fund Market Insight report from Lipper.
Despite this, redemptions from the two sectors have been among the heaviest from the unit trust and Oeic universe.
Sector average returns for the Japan and Japanese smaller companies sectors were first and second highest for the period, up 12.33% and 10.54% respectively on a total return basis.
Added to that, in April, Japanese smaller companies funds achieved the best performance, with sector average returns of 4.27%.
In March, the Japan equity sector saw the largest flow of redemptions, with £28.25m leaving funds.
This came despite the fact the sector was one of only four to have achieved consecutive positive monthly returns over the previous three months, with the others being Far East including Japan, Money Market and Property.
Volatility expected for 'some months'
PA360 North revisited
Achievements, charity work and other happy snippets
Irish border, resignations, market volatility and more