Latin American funds lag in August as Covid response weighs

Top performing funds table 'most diverse in months'

David Brenchley
clock • 2 min read

Latin American funds propped up the performance tables in August, as the Covid-19 response of Brazil and Mexico combined with a heavy reliance on commodities and natural resources weighed on the region.

Markets continued to trend upwards during the month, particularly in the US led by the highly prized technology stocks, with the Japanese and UK smaller companies sectors leading the way from a funds perspective. However, funds investing into Latin American or Brazilian equities filled the six worst-performing spots, and seven of the bottom ten performers, according to FE fundinfo data. First post-Covid-19 investment trust launches could shake up their fledgling asset classes Latin American funds from Scottish Widows, Liontrust, Invesco, Aberdeen Standard Investments, and BlackRock...

To continue reading this article...

Join Investment Week for free

  • 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

Join now

 

Already an Investment Week
member?

Login

More on Funds

Flows into Europe-domiciled funds reach fresh high this year

Flows into Europe-domiciled funds reach fresh high this year

€63bn in October

Beth Brearley
clock 21 November 2024 • 2 min read
Pridham Report: Nearly two thirds of UK's largest fund groups record weaker net retail sales in Q3

Pridham Report: Nearly two thirds of UK's largest fund groups record weaker net retail sales in Q3

Uncertainty among investors reaching a 'boiling point'

Sorin-Andrei Dojan
clock 20 November 2024 • 3 min read
Jupiter plans merger of former Dan Nickols UK small-cap fund by end of year

Jupiter plans merger of former Dan Nickols UK small-cap fund by end of year

‘Materially similar’ funds

Eve Maddock-Jones
clock 20 November 2024 • 2 min read
Trustpilot