Gold was also a strong performer as its price rose against the falling equities, meaning Ruffer Gold and MFM Junior Gold also appeared amongst the best performers.
|Top 10 best-performing funds|
|Morgan Stanley US Growth||64.17|
|Matthews China Small Companies||63.23|
|Baillie Gifford American||54.06|
|LF Access Long Term Global Growth Investment||47.79|
|Baillie Gifford Long Term Global Growth Investment||47|
|Morgan Stanley US Advantage||41.56|
|Morgan Stanley US Advantage||37.98|
|New Capital US Future Leaders||37.3|
|MFM Junior Gold||36.41|
Portfolios exposed to UK stocks, oil and Latin American companies were the worst hit over the first half of the year.
LF Equity Income, formerly Neil Woodford’s flagship fund, lost 42.4 per cent, beaten only by Aberdeen Standard’s UK Recovery fund which saw a 42.48 per cent drop.
Energy funds, such as Schroder Global Energy and Guinness Global Energy, and Latin American portfolios - which are heavily exposed to the oil market - also appear in the top 10 worst performers of the six months to July.
|Top 10 worst-performing funds|
|ASI UK Recovery Equity||-42.48|
|LF Equity Income||-42.4|
|Schroder ISF Global Energy||-39.74|
|HSBC GIF Brazil Equity||-38.53|
|The VT Oxeye Hedged Income Option||-37.65|
|TB Guinness Global Energy||-36.7|
|Guinness Global Energy||-36.41|
|MFS Meridian Latin American Equity||-34.69|
|Aberforth UK Small Companies||-34.2|
|Invesco Latin American (UK)||-33.69|
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