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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%.
Key events for wealth managers in the week beginning 25 November
The label will come into effect on the 27 November
Global climate assets up 6% in first nine months of 2024
Reluctance of platforms to allow for fractional trading means the inclusion of ETFs and trusts within model portfolio services is being constrained
88% of companies globally either raised payouts or maintained their level
Number of women in the industry increases but female representation in the 50-64 age bracket declined, according to inclusion report
