Equity funds with exposure to India performed well in the past year, as the country’s markets boomed.
Nomura’s Indian equity fund and Alquity’s Indian subcontinent fund were among the top ten performing equity funds in the year to December 23, posting a 37.97 per cent and 36.39 per cent return respectively.
The country’s public and private markets have seen a bull run this year due to a burgeoning tech sector, rapid internet adoption, and strong global liquidity.
A regulatory crackdown in China that took investors by surprise also led to increased investment in India.
However, the top performing fund was Guinness Asset Management's Global Money Managers fund, a growth fund, which gives investors exposure to the asset management sector. The fund posted a return of 41.03 per cent in the year to December 23.
T Rowe Price’s Frontier Markets Equity fund was the second best performing fund, posting a 38.82 per cent return in the year. It invests in a mix of equities with a 41 per cent exposure to Asia Pacific emerging markets, Kazakhstani equities (11 per cent), and Egyptian equities (8 per cent).
Top performing equity funds in the year-to-date to December 23
Fund | Return |
Guinness - Global Money Managers - | 41.03% |
T. Rowe Price - Frontier Markets Equity | 38.82% |
Nomura - India Equity | 37.97% |
Lyxor - Euro Stoxx Banks (DR) Ucits ETF | 37.68% |
Allianz - Best Styles US Equity | 36.7% |
Alquity - Indian Subcontinent | 36.39% |
iShares - S&P 500 Financials Sector Ucits ETF | 36.16% |
Slater - Artorius | 36.04% |
Fiera Capital Europe - Magna MENA | 35.99% |
iShares - S&P 500 Information Technology Sector Ucits ETF | 35.29% |
Source: FE Fundinfo
sally.hickey@ft.com
