Bottom of the pile
At the opposite end of the spectrum, the worst-performing fund list was dominated by energy and gold funds (see chart below).
The bottom 10 included Investec Global Energy (-13.05%), Charteris Precious Gold and Metals (-12.46%), Smith and Williamson Global Gold & Resources (-11.55%), MFM Junior Gold (-8.89% ) and MFM Junior Oils (-7.94%).
The freshly-closed Manek Growth fund was the worst returning for the year with -23.03%.
