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:

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%).

Source: Schalk Louw/ProfileData and FE Trustnet

Read: Why choosing a top-performing unit trust may be dangerous

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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