How technology and gold funds shone brightly during a crisis with returns of over 50% since January
Gold funds have been a beacon of hope for investors amid turmoil in the corona virus market this year.
Investment funds that provide access to the yellow metal and related mining companies are among the best-performing since the beginning of this year, according to data collected by Chelsea Financial Services.
The Ruffer Gold Fund has returned savers 53.5 percent of their money since January 1, making it third in the top-performing fund rankings.
Investment funds that provide access to gold and related mining companies are among the best-performing since the beginning of this year, according to Chelsea Financial Services
And since the broader stock market began to recover from the trough of the pandemic in late March, MFM Junior Gold and ES Gold and Precious Metals have made investors more money than any other fund.
US-focused funds, which have long benefited from the rise of tech titans like Google and Amazon, continued to raise money throughout the pandemic.
Although the stock markets were nervous, technology companies were largely untouched by the concerns of the corona virus.
Some, such as video conference firm Zoom, have even reaped the benefits of more people working from home.
Savers with money in the US Baillie Gifford fund have seen their nest eggs increase in value by 52.3 percent since the new year.
While investors targeting UK equities have not seen such dramatic increases, performance has not been too bad.
All three UK fund sectors – all companies, equities, and smaller companies – are in the top half of the table when we look at returns since bottoming in March.
Darius McDermott, the director of Chelsea Financial Services, said: “As the market recovers, equities will deliver a decent return, but these good days will no doubt be sandwiched between days when the markets are also falling, so more defensive assets like such as gold and government bonds, will be important to mitigate that decline.
“As always, a diversified portfolio is important.”