Gold and Brazilian equity funds were among the worst performing vehicles in August, as the continued strength of the US dollar weighed on returns, while US and technology names topped the charts.
According to figures compiled by Willis Owen using FE data, half of the ten worst-performing funds were precious metal or gold strategies, with the LF Ruffer Gold fund bottom of the table, dropping 12% over the month. This was followed by the HC Charteris Gold & Precious Metals fund, which fell 11.6%, while the Quilter Investors Precious Metals Equity fund and the BlackRock Gold & General fund dropped 11% and 10.9% respectively. US President Donald Trump's threat of a trade war with China and Europe has strengthened the US dollar in recent months, putting pressure on gold. The Worl...
To continue reading this article...
Join Investment Week for free
Signup and gain exclusive members-only insights - all free of charge!
- Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
- Get ahead of regulatory and technological changes affecting fund management
- Important and breaking news stories selected by the editors delivered straight to your inbox each day
- Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
- Be the first to hear about our extensive events schedule and awards programmes
