The third strongest fund is the £1.4 billion Bronze-rated Artemis US Select fund, up 28.7% in the year to date. Top holdings include big names such as German software company SAP, luxury brand group LVMH, which owns Louis Vuitton and Moet, and Danish pharmaceutical company Novo Nordisk. The fund invests a quarter of its assets in industrials such as French engine maker Safran, with heavy weightings also in the strong-performing healthcare and technologies sectors. In second spot is the £3.7 billion Bronze-rated Blackrock European Dynamic fund: it has smashed its benchmark, the MSCI Europe Ex UK by 10.9%, delivering a return of 29.6% year to date. Nimmo uses a quantitative screening to identify companies with sustainable long-term growth prospects, proven business models and recurring earnings. The two main reasons are its stable investment approach and the manager’s long tenure and strong track record – Harry Nimmo has run the fund since 1997. The fund remains “a standout choice for investors”, according to Morningstar analyst Samuel Meakin. Indeed, £1,000 invested in the fund at the start of the year would now have grown to £1,352. The £1.7 billion Gold-Rated ASI UK Smaller Companies tops the chart, with a meaty gain of 35.2% year to date, shrugging off any concerns investors may have had about the effect of Brexit on smaller British businesses. In the past few month alone we have seen emerging markets suffer while biotech boomed in November, index-linked gilts, US and global funds struggled in October while UK funds dominated the top performers, and gold funds lost their lustre in September only for the precious metal to rally again in recent weeks.īut which are the funds that have put in the best performance of the year, and which have struggled to keep up? We look at the best and worst Morningstar Analyst Rated funds of the year: Best Performing Funds
It’s not surprising, then, that the investment world has been struck by swings in sentiment each month of the year. It has been a lively year for the global economy, with uncertainty over Brexit, the US-China trade war, political tension in Latin America and protests in Hong Kong just some of the issues investors had to grapple with.
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