The ten worst performing funds of Q1

clock

Gold and resources funds continued to struggle in the first quarter of 2013, as investors remained in risk-on mode and opted for equities over safe havens such as the precious metal.

Gold has been one of the worst performing metals so far this year, declining 5.74% to $1,580 in the three months to the end of March, well below its all-time high above $1,900 seen in September 2011. General mining equities have also had a moderate start to the year, unable to keep up pace with global equity markets as slowing demand in China impacted the outlook for the sector. The FTSE All-Share rose 8.24% in Q1 but miners were one of the worst performing sectors, with the FTSE 350 Mining index returning a paltry 0.28%. However, it is gold mining companies which have fared the wo...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Investment

UK funds hit by £31.5bn in outflows so far in 2024

UK funds hit by £31.5bn in outflows so far in 2024

Passive UK-domiciled index funds gathered more than £14bn year-to-date

Giovanni Cafaro
clock 26 November 2024 • 3 min read
Lessons from the titans of Spanish football: Taking a long-term view on Europe

Lessons from the titans of Spanish football: Taking a long-term view on Europe

Lessons for investors from Real Madrid and Barcelona

David Walton
clock 25 November 2024 • 4 min read
Advisers have opportunity to deepen private market engagement

Advisers have opportunity to deepen private market engagement

Most client allocations to private markets are either 5%-10% or 1%-5%

Isabel Baxter
clock 18 November 2024 • 2 min read