Technology and technological innovation returned over 16% for investors as a fund sector in May, driven by bullish AI momentum, as Latin America was the only fund sector in the red.
Asia Pacific ex Japan returned 10.4% and Global Emerging Markets rounded out the top three performing sectors with 9.4%, according to FE Analytics data. Individually, Barings Korea trust topped the table with returns of 31%, followed by Liontrust Russia and Barrow Hanley Conscious Concentrated Emerging Markets at around 28% and 25%, respectively. On the other end, HSBC Brazil Equity delivered the poorest negative returns at -8.6%, followed by BNY Mellon Brazil and Redwheel China Equity, which lost almost 7% each, as Latin America as a fund sector suffered -2.6% returns in May. Else...
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