5 Worst Performing Funds of 2014

Thanks to the tanking oil price, most of the worst performing funds this year are those with exposure to the energy market

Emma Wall 23 December, 2014 | 3:46PM

Energy prices have tanked in the past six months. The price of Brent crude oil has fallen from $110 to less than $60. This has had a significant effect on funds that have both direct exposure to oil as a commodity and oil related companies – with the worst five performers all losing more than 40% of their value this year.

As oil and gas make up such a significant part of the Russian economy, funds which hold Russian-listed equities appear the most on the worst performers list, alongside two energy funds. The worst performing fund of the year was the Prosperity Russian fund, which has lost half its value since January. This fund currently carries a Morningstar Analyst Silver Rating, but if the bad performance continues for another year this may trigger a reassessment of the rating.

Wealth manager Rowan Dartington’s Guy Stephens does not expect the oil price to tick up next year – meaning both the Russian equity and energy sectors are unlikely to improve either.

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The information contained within is for educational and informational purposes ONLY. It is not intended nor should it be considered an invitation or inducement to buy or sell a security or securities noted within nor should it be viewed as a communication intended to persuade or incite you to buy or sell security or securities noted within. Any commentary provided is the opinion of the author and should not be considered a personalised recommendation. The information contained within should not be a person's sole basis for making an investment decision. Please contact your financial professional before making an investment decision.

Securities Mentioned in Article

Security NamePriceChange (%)Morningstar
Rating
Pictet-Russian Equities P dy GBP52.75 GBP1.28
Russian Prosperity (Luxembourg) A USD107.69 USD0.98

About Author

Emma Wall  is former Senior International Editor for Morningstar

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