Average fund in IMA North America sector returns 34.6% over past 12 months
US equities have risen over the last year, supported by monetary and fiscal stimulus, low interest rates, healthy corporate earnings results and a stronger dollar. Funds in the IMA North America sector have participated in the recovery, with the average fund returning 34.6% over 12 months to 21 June, according to Morningstar. This is a significant improvement compared to the three-year view, which shows an increase of 1.4%. M&G’s North American Value fund is the top performer over one year, up 49%. The worst performer over the same timeframe is Felix Wintle’s Neptune US Opportunities ...
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