The top unit trusts so far in 2019
The first quarter of 2019 has been pretty dismal on the South African market for many investors.
Only half of JSE shares are now higher than they were at the end of 2018 - and there have been a number of spectacular falls, including Aspen (-31%), Mr Price (-23%) and Sappi (-18%).
The JSE all share index rose 7% in the first quarter, with a couple of unit trusts managing more than that:
#ActiveManagement making bit of comeback Q1 '19, in SA General Equity #UT Sector. Credit where credit is due - #Coronation, who found itself under immense amount of criticism & pressure lately, bouncing back with not only outperforming $JALSH YTD, but also having 2 funds in top10 pic.twitter.com/kjOPGAgjst— Schalk Louw (@SchalkLouw) March 31, 2019
According to data compiled by PSG's Schalk Louw, the best performing funds were invested in resources and overseas markets, while the property sector and smaller companies were the biggest losers.
The Investec Commodity fund was the top performer, delivering 24.1%, followed by IP Global (21.9%), Sygnia FAANG PLus Equity (21.6%), Coronation Global Emerging Markets (20.8%) and SIM Resource fund (20.6). Among the losers: Nedgroup Investments Property (-8.7%), Momentum Small Mid-Cap (-8.7%), AlphaWealth Prime Small & Mid Cap (-7.4%) and IP Flexible Fund (-7.3%).
A reference to the JSE's all-share index gain so far this year has been corrected.
For more go to Business Insider South Africa.
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