Fund Investors Suffer Losses in 2018

Almost all fund categories failed to deliver positive returns in 2018, Morningstar analyst data reveals

Jonathan Miller 8 January, 2019 | 9:44AM

stock markets across the globe fell in 2018

2018 was an annus horribilis for fund investors. In our analysis of data across Morningstar fund categories, we cast the net over last year's outcomes, assessing performance in a number of currencies. Currency proved an important influence over returns last year – particularly for euro- and sterling-based investors, whose currencies weakened against the US dollar.

Looking at the performance of the default indexes for 106 equity categories, sterling investors were best off, albeit from a very low base. Despite the well-documented emerging-markets woes throughout most of the year, Russian and Brazilian indexes provided positive returns for euro and sterling investors.

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About Author

Jonathan Miller  is Director of Manager Research, Morningstar UK

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