10 Best and Worst Performing Funds in May

Funds exposed to China and US tech were the worst performers in May, while bond, gold and India funds outperformed

James Gard 5 June, 2019 | 10:48AM

Indian election resultsMay was a bruising month for global stock markets after a decent start to the year, with China equities bearing the brunt of renewed trade tensions between Washington and Beijing.

2019 had seen many global benchmarks recover their poise after the heavy sell-off in the fourth quarter of 2018. But May saw renewed volatility after the US imposed new tariffs on China, which in turn retaliated with increased levies on American imports. Threats by US President Donald Trump to impose tariffs on Mexico at the end of the month also rattled world investors.

With China’s Shanghai Composite Index dropping more than 10% in recent weeks, it is no surprise to see China-focused funds at the bottom of May’s performance tables. According to Morningstar data to the end of May, BlackRock’s China Fund was the worst performing among funds rated by Morningstar. The fund, which is rated four stars and has a Neutral Rating, fell 10.92% month on month.

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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
BGF China D2 USD18.59 USD2.62
BlackRock Gold and General D Acc973.22 GBP-2.03
Comgest Growth China EUR I Acc69.87 EUR2.20
Fidelity India Focus Y-GBP1.88 GBP2.41
iShares Index Linked Gilt Idx (UK) H Acc154.91 GBP-0.57
Janus Henderson China Opps I Acc194.81 GBP-0.61
T. Rowe Price Global Tech Eq C GBP14.72 GBP1.61

About Author

James Gard  is content editor for Morningstar.co.uk

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