'Unfashionable' UK funds lead February performers

Absolute return ‘continues to disappoint’

clock • 2 min read

UK funds were among the top performers in February with the "unfashionable" sector set for more favourable conditions amid signs a no-deal Brexit will be averted.

Paul Mumford's Cavendish AIM and Opportunities funds took first and second place with returns of 11.8% and 7.4% respectively, while Alastair Mundy's Investec UK Special Situations fund took tenth place with gains of 5.2% for the month. Commenting on the month's performers, Shore Financial Planning director Ben Yearsley said it was evidence the "unfashionable is becoming more fashionable". He added: "With an AIM fund at number one and an out-of-favour UK fund also in the top ten are investors finally taking advantage of the value on offer in the UK market?" The growing likelihood of...

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