UK equity sectors rebound in March while Baillie Gifford funds suffer

Value funds in favour

UK equity sectors had another strong month in March, as sterling rebounded and confidence in the UK returned to markets, while the reversal of fortunes for growth and value oriented strategies hurt Baillie Gifford funds.

The UK Equity Income sector, last year's dog, came in second in terms of average performance, rising 4.81% - hot on the heels of the Global Equity Income sector's performance of 5.1%. The UK Smaller Companies sector was the third best performer during the month, with an average rise of 4.3%. The closed-ended space also saw strong returns from UK investments, with the UK Equity Income sector topping the tables with a 7.52% increase, followed by UK All Companies and UK Equity & Bond Income. Deal or no deal: When will the UK equity tide turn? Ben Yearsley, director at Shore Financi...