UK small and mid caps dominated the table of best-performing investment trusts in 2019, despite the asset class being out of favour for the majority of the year due to Brexit uncertainty.
The Association of Investment Companies' (AIC) UK All Companies and UK Smaller Companies sectors were the second and third best performers in the year, with their average constituent returning 39.3% and 37.9% respectively. Trusts in those two sectors accounted for more than half of the top 20 best-performing trusts last year, Morningstar data shows. Best fund performers 2019: Tech, gold and UK SMID-cap vehicles shine Five were in the top ten, with JPMorgan Smaller Companies the second-best performer in the year and BlackRock Throgmorton third, returning 67.5% and 60.5% respectively...
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