The average returns of funds in the All Companies sector were positive in November with peer group p...
The average returns of funds in the All Companies sector were positive in November with peer group performance falling into a narrow range.
The sector mean posted over the one month period was a marginal rise of 0.29% offer to bid but the top performing fund over that period was up 9.95% while the worst performer was down 7.22%.
Outperformance of the top 10 funds was varied across style and market cap. JP Morgan Fleming UK Active 350 was the top performer followed by the passively managed, HSBC FTSE 250 Tracker, which posted returns of 9.06%.
The low-cost Norwich UK Growth was ranked third over the month followed by the more expensive Artemis UK Special Situations while the fifth ranked fund over the month was again a low cost option in the form of Isis Reo UK Tracker.
Artemis New Enterprises was ranked six out of 301 funds in the sector on growth of 6.75%, offer to bid net income reinvested. Ranked seventh was L&G Ethical with returns of 6.72% followed by Norwich UK Ethical, HSBC Houshold Names, and rounding out the top 10 was Threadneedle UK Overseas Earnings.
The relative outperformance of the corporate bond sector appeared to be halted over the November investment period with the average fund in the sector falling by 3.06%. Over one month the top performing portfolio in the UK corporate bond asset class was Gartmore PSF Corporate Bond Strategy with returns of 0.29% while the bottom return of -6.83% was achieved by Baring Sterling Corporate Bond.
While top performers for much of this year UK Equity Income, UK Gilt, UK Other Bonds also suffered fallbacks in November with average returns down 1.16%, 2.72% and 1.86% respectively.
Meanwhile the UK Smaller Companies sector bounced back from the negative sentiment small caps have suffered through much of this year. Average returns for the sector were 3.61% with only seven funds out of 76 posting negative growth over the month.
The top performing sector throughout November was technology and telecoms rising 11.92%, followed by the emerging market areas, Far East Excluding Japan, which was up 8.60% and Global Emerging Markets, which rose by 8.26%.
Throughout the universe of UK-based funds the top performing unit trust or Oeic over three years to 1 December was CF Bio Tech, which would have seen a £1,000 investment turn into £3,571.62.
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