It is perhaps not surprising to see several funds and trusts managed by Baillie Gifford included among the Rated Fund laggards over the three months to 30 September.
The Edinburgh-based investment partnership makes no bones about its liking for innovative companies – quoted and unquoted – that it believes can deliver sustainable growth in profits for years to come, and it is prepared to hold such companies through periods of market stress.
Only one fund broke the 10% return barrier in the volatile third quarter to end-September. Following its top-spot showing in the first half of the year, LF Ruffer Gold was again the top performing fund with a 13.9% uplift. The fund invests in a 62-strong portfolio of gold and other precious metal-mining companies around the world.
In the six months since our Rated Funds were introduced at the end of January, 14 out of the 267 passive and actively managed funds, investment trusts and exchange traded funds have lost money.
Stunning returns have been made by a large cohort of Money Observer’s Rated Funds since we revealed the 2019 members at the end of January.
Our specialist gold selection tops the performance charts (see below), but in a period when markets at large regained their mojo after the bitter disappointments of 2018, it is group of overtly equity growth-oriented US and global selections that have made the most money for investors – with gains of 20% or more recorded by 28 Rated Funds.
Brokers’ buy lists are once again under the spotlight, following the controversy surrounding the lockdown of Neil Woodford’s flagship Woodford Equity Income fund at the beginning of June.
By and large, the first three months of 2019 have been very positive for investors in our 2019 Rated Funds. These are split into 15 easy-to-understand asset groups and are comprised of 201 actively managed funds and investment trusts, plus a further 66 passive index-tracking funds.
The retirement landscape has changed dramatically since the pension freedoms were introduced four years ago (April 2015), handing retirees the ability to take control of their retirement savings.