Active funds

Open-ended property funds hit sellers in the pocket amid Brexit concerns

BMO UK Property has become the latest open-ended property fund to switch its pricing, as fears over a no-deal Brexit intensify.

The open-ended fund joins several others that made similar moves earlier this year, including property funds run by Kames Capital and Columbia Threadneedle. Such pricing adjustments are essentially a markdown on the value of the underlying properties in the fund, penalising investors who cash in their holdings.

Your Fund Choices 2019: how to order

Your Fund Choices 2019 provides comprehensive analysis on 201 actively managed Rated Funds and Investment Trusts selected by the Money Observer team of experts, as well as 66 passive choices. Every one has been rigorously reassessed to make sure that it still earns its place on the Money Observer Rated Funds shortlist.

US and tech funds continue to lead the way in August

Investors who were expecting a quiet summer may have been disappointed, as August saw a currency crisis in Turkey, record highs on the US stock market and an interest rate rise in the UK.

Yet those who backed the right funds would have made stellar gains in the month. North American smaller companies was the best-performing sector, up an average of 6.9 per cent in August, followed by technology & telecoms.

Small cap ETFs offer long-term gains

Global small-cap stocks have caught the eye after trouncing their mid- and large-cap counterparts by 2.5 per cent a year on average over the past decade. However, while returns have been impressive, they have been accompanied by higher levels of risk, with small caps registering a standard deviation almost 15 per cent higher than larger caps over the same period.