Thursday February 7, 04:26 PM
Lipper issues January fund review
By Barney McCarthy
Four of the top five performing funds in January were commodity related, according to Lipper.
Dr Richard Ramyar, Lippers head of research, said: The story in January was driven by global uncertainty and the yellow metals march to a month-end
price of $933.
Four of the top five performing funds were commodity related, with a very strong positive bias towards gold. The Investec Global Gold Fund was the leading performer last month, returning 7.12%.
Januarys Golden Four also enjoyed positive three-month returns and one-year returns of between 23.9% and 52.3%.
The only fund in the top five that was not commodity related was the Neptune Japan Opportunities Fund, returning 6.13%. This strong performance bucked the downward trend of Japanese markets. Nevertheless, this was only one of the top five funds. The Japanese comeback story has had too many false starts to date to easily compete with the historic performance of gold over the recent years.
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