Worst Performing Investments of 2013

Investing can be a fickle business - precious metals and emerging markets have delivered profit in the past, but this year gold and Brazil crashed and burned

Emma Wall 30 December, 2013 | 1:32PM
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Gold - the perceived safe haven for so many, has been the worst performing sector of 2013. Gold bullion has considerably fallen in value this year – the first year that it has lost investors money in 14 years. Shares in gold mining companies have fared even more poorly, losing more than half their value, the second year of losses in a row. According to BlackRock, gold exchange traded products saw outflows every month this year – in contrast to record-breaking flows in 2012 – and assets declined by 48%.

The Euromoney Global Gold index has been the worst performing sector of 2013 – losing half of its value. The Morningstar Metals Commodity sector is also down 27%, dragged down by gold. After gold, the Turkish stock market has declined the most, down 32%, and the FTSE Turkish Lira Government Bond index has fallen 26%.

Jan Dehn, Head of Research at Ashmore, says that the 2014 local elections in Turkey will be important for the future of Turkey’s economy.

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Emma Wall  is former Senior International Editor for Morningstar

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