It’s not been a great year. Global stock markets are up marginally this year in pound terms, but that’s thanks in part to sterling’s fall throughout 2018. And that’s not a measure of stock market health spread across the globe.
The US accounts for 63% of the global stock market index, and has yet again delivered a strong performance for the year. But our own FTSE 100 is down for the year, as are European, Japanese, Asian and emerging markets.
It’s not been a great year for funds either. Of those based in the UK, less than one in five have delivered a positive return this year. But there have been some that have stood out, delivering strong returns in 2018’s more testing conditions.
We’ve listed 10 of the standouts in the slides that follow. They are not the 10 absolute best performing funds: that would have resulted in a list of funds all clustered in the same sectors that have done well this year, which we think would have made for less interesting reading.
The funds we’ve highlighted are mostly those which have topped their different sectors, giving a better idea of the top performing managers across the different asset classes. Far from clustering around the same stocks, they are diverse bunch, but they have all managed to make the most of this year’s choppy markets.
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