Merian dominates November’s five worst performers
By Kristen McGachey, 11 Dec 18
Growthy small and mid-cap UK funds dominate list
Three out of five of the worst performing IA sectors in November were UK equity sectors, with UK Smaller Companies languishing at the very bottom, down 2.76%.
UK Index Linked Gilts (-2.53%) also featured in the bottom five inching slightly ahead of European Smaller Companies (-2.66%), the only non-UK sector of the lot.
The impact of the amped-up political uncertainty was even more pronounced in the domestically-focused mid and small-cap sectors. The FTSE 250 underperformed its larger cousin the FTSE 100 by 2.73% during the month, returning -3% versus the latter’s -0.27%.
It is no surprise then that all but one of November’s worst performing funds have an explicit small to mid-cap bias.
Click through the slides above to see which funds landed in the bottom.