Japanese equity unit trusts and Oeic funds were the UK's strongest performing funds over the three m...
Japanese equity unit trusts and Oeic funds were the UK's strongest performing funds over the three months to the end of March, according to Lipper's monthly Fund Market Insight report.
Despite that, redemptions from the two sectors have been among the heaviest from the UK and Oeic universe.
The sector average return in the Japan and Japanese smaller companies sectors were placed first and second for the period, up 12.33% and 10.54% respectively on a total return basis.
In addition, in April, Japanese smaller companies funds achieved the best performance with sector average fund returns of 4.27%. In March, the Japan equity sector saw the largest flow of redemptions with £28.25m leaving funds, even though the month saw the Japan sector one of only four sectors to have returned consecutive positive monthly returns for three months.
The other sectors to manage a similar feat were Far East including Japan, Money Market and Property fund sectors.
In April, the best performing Japan funds were the Lloyd George SLI Japan, up 8.05%, and Legg Mason's New Japan, up 6.9%. In the Japanese smaller companies sector the Baillie Gifford Japanese Smaller Companies returned 7.3% while F&C Japanese Smaller Companies returned 6.82%.
The technology sector did badly returning an average fall of 13.9%.
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