HL says that Japan and smaller companies continue to dominate best performing year to date funds and sectors and IMA Money Market and IMA UK are worst performing sectors year to date.
Richard Troue, head of VCT research, Hargreaves Lansdown, said: “European funds made good gains during October. Europe seems to remain a perpetually unloved region with retail investors. In recent years Europe’s political and economic travails have discouraged investors. Yet many companies have prospered regardless and European stock markets have, on the whole, performed well. This shows the importance of divorcing economic prospects from those of companies and the stock markets.
"Europe is home to many dynamic, successful businesses, both large and small, that are not just reliant on domestic European economies. The European region has more than its fair share of economic and political problems, but this is not a good enough reason to ignore the market. Elsewhere global emerging markets continued to stage a mini rebound, led by further stimulus from China, continued improvement in global growth and the decision by the US Federal Reserve to delay the tapering, or slowing, of quantitative easing.
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“Despite pausing for breath during October Japan funds are still faring well over the year to date, along with other developed markets including Europe, the UK and the US. Various smaller company sectors dominate the best performing sectors year to date as we start to see a global recovery coming through.”
Key tables are below and based on Lipper performance data:
Top performing Funds October 2013
| Name |
IMA |
% |
Rank |
| Neptune India A Acc GBP |
Specialist |
12.91 |
1 |
| IM Argonaut European Absolute Return GBP A Acc |
Targeted Absolute Return |
9.97 |
2 |
| JPM Europe Smaller Companies A Acc |
European Smaller Cos |
9.36 |
3 |
| JPM Europe Dynamic ex-UK A Acc |
Europe Excluding UK |
8.33 |
4 |
| IM Argonaut European Alpha GBP A Acc |
Europe Excluding UK |
8.23 |
5 |
| First State Indian Subcontinent A GBP Acc |
Specialist |
8.09 |
6 |
| Baring German Growth Trust GBP Acc |
Specialist |
7.91 |
7 |
| Schroder European Smaller Companies Acc |
European Smaller Cos |
7.64 |
8 |
| JPM Europe A Acc |
Europe Excluding UK |
7.58 |
9 |
| F&C Institutional European 4 Inc |
Europe Excluding UK |
7.29 |
10 |
Top performing sectors October 2013
| Name |
% |
Rank |
| IMA European Smaller Companies |
6.57 |
1 |
| IMA Europe Excluding UK |
6.49 |
2 |
| IMA Europe Including UK |
6.06 |
3 |
| IMA Global Emerging Markets |
5.72 |
4 |
| IMA Global Equity Income |
5.47 |
5 |
| IMA North America |
5.27 |
6 |
| IMA UK All Companies |
5.23 |
7 |
| IMA Asia Pacific Excluding Japan |
5.17 |
8 |
| IMA UK Equity Income |
4.88 |
9 |
| IMA Global |
4.60 |
10 |
Top performing funds year to date 2013
| Name |
IMA |
% |
Rank |
| Baillie Gifford Global Discovery A Acc |
Global |
53.17 |
1 |
| Fidelity UK Smaller Companies A Acc |
UK Smaller Companies |
44.56 |
2 |
| Invesco Perpetual UK Aggressive Acc |
UK All Companies |
41.55 |
3 |
| JPM Europe Smaller Companies A Acc |
European Smaller Cos |
40.42 |
4 |
| JPM US Smaller Companies A Acc |
North American Smaller Cos |
39.16 |
5 |
| JPM Japan A Acc |
Japan |
38.79 |
6 |
| Neptune Japan Opportunities A Acc GBP |
Japan |
38.42 |
7 |
| F&C Institutional UK Smaller Companies |
UK Smaller Companies |
38.34 |
8 |
| Schroder European Smaller Companies Acc |
European Smaller Cos |
37.96 |
9 |
| Schroder UK Smaller Companies Acc |
UK Smaller Companies |
37.01 |
10 |
Top performing sectors year to date
| Name |
% |
Rank |
| IMA Japanese Smaller Companies |
39.83 |
1 |
| IMA North American Sm Companies |
34.77 |
2 |
| IMA UK Smaller Companies |
29.85 |
3 |
| IMA North America |
29.18 |
4 |
| IMA European Smaller Companies |
29.13 |
5 |
| IMA Japan |
27.31 |
6 |
| IMA Europe Excluding UK |
26.17 |
7 |
| IMA Europe Including UK |
25.47 |
8 |
| IMA UK All Companies |
23.97 |
9 |
| IMA Technology & Telecoms |
23.27 |
10 |