Top 10 fund sectors of Q1 2017
By Kristen McGachey, 10 Apr 17
The results are in – here are the 10 strongest-performing IA sectors on a total return basis, according to data from FE Analytics.
Despite the tumult leading up to the initiation of the UK’s divorce proceedings from the European Union, the IA’s Europe Including UK sector squeezed into the top ten list, producing a total return of 5.85%.
Throughout the period, there were promising signs that European companies had picked themselves up by their bootstraps and overcome the earnings recession.
The UK economy also showed signs of resilience, as it continued to reap the benefits from weaker sterling. But, these positive gains were more muted as political uncertainty superseded the perceived pros from the currency play.