THE BEST PERFORMING MUTUAL FUNDS 2019 IN CALIFORNIA SOFTWARE
Top holdings include big names such as German software company SAP, luxury brand group LVMH, which owns Louis Vuitton and Moet, and Danish pharmaceutical company Novo Nordisk. The fund invests a quarter of its assets in industrials such as French engine maker Safran, with heavy weightings also in the strong-performing healthcare and technologies sectors. In second spot is the £3.7 billion Bronze-rated Blackrock European Dynamic fund: it has smashed its benchmark, the MSCI Europe Ex UK by 10.9%, delivering a return of 29.6% year to date.
The ASI fund is, however, the only UK-focused fund to make it into the top performers, that's despite a relief rally on the FTSE after Boris Johnson secured a Conservative Party General Election victory, removing some of the uncertainty from the outlook. Nimmo uses a quantitative screening to identify companies with sustainable long-term growth prospects, proven business models and recurring earnings. The two main reasons are its stable investment approach and the manager’s long tenure and strong track record – Harry Nimmo has run the fund since 1997. The fund remains “a standout choice for investors”, according to Morningstar analyst Samuel Meakin. Indeed, £1,000 invested in the fund at the start of the year would now have grown to £1,352.
The £1.7 billion Gold-Rated ASI UK Smaller Companies tops the chart, with a meaty gain of 35.2% year to date, shrugging off any concerns investors may have had about the effect of Brexit on smaller British businesses. But which are the funds that have put in the best performance of the year, and which have struggled to keep up? We look at the best and worst Morningstar Analyst Rated funds of the year: Best Performing Funds
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