The five worst performing funds in April
By Kristen McGachey, 2 May 18
In April, Mark Carney cast doubt on a May rate rise, UK GDP grew at its most sluggish pace in over five years, US treasuries hit 3% and Russia faced US sanctions. So which funds had the toughest time navigating the month? Portfolio Adviser examines performance figures from FE.
Defensive assets were generally out of favour over April, according to Adrian Lowcock, Architas investment director, particularly in the UK, where inflationary pressures subdued.
The IA UK Index Linked Gilts sector produced the weakest returns over the period of any IA category, yielding -2.83%.
The Baillie Gifford fund aims to produce 1.5% higher returns than the FTSE Actuaries UK Index-Linked Gilts Over 5 Years Index per annum over rolling three-year periods.