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UK equities fare worst amid Covid fallout

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
Funds% return
Morgan Stanley US Growth64.17
Matthews China Small Companies63.23
Ruffer Gold55.97
Baillie Gifford American54.06
LF Access Long Term Global Growth Investment47.79
Baillie Gifford Long Term Global Growth Investment47
Morgan Stanley US Advantage41.56
Morgan Stanley US Advantage37.98
New Capital US Future Leaders37.3
MFM Junior Gold36.41

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
Funds% return
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

imogen.tew@ft.com

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