Wednesday May 7, 10:44 AM
Far East and emerging markets come out on top
By Kate O'Raghallaigh
Fund performance in April was dominated by the Far East (5029.KL - news) and emerging markets, according to Dr Richard Ramyar, head of research at Reuters UK & Ireland (UK&I).
Despite this, Aprils top performing fund was Investecs
Global Energy fund, giving a 14.7% return. The top performing Investment Management Association (IMA (Milan: IMA.MI - news) ) sector was the Asia Pacific excluding Japan sector, giving a return of 8.34%, which was strongly driven by investments in China.
China and Hong Kong funds from Jupiter (13.86% return), Threadneedle (13.58% return) and Invesco (13.27% return) dominated the top five fund performers. The IMA Japan sector, delivering a 7.46% return, was the third highest performing sector.
Dr Ramyar said: The only sector to break the mould in Aprils top five was the IMA technology and telecoms sector (7.53% return). It thrust through as the months second best performing sector with the backdrop of Microsofts much discussed offer to purchase Yahoo (NASDAQ: YHOO - news) and surges in equities of Korean and Japanese chip-makers.
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