Did Funds Bounce Back in April?

Investors have endured a rollercoaster ride in recent months. After markets plunged in March, those who stayed invested enjoyed the start of a bounceback in April 

Annalisa Esposito 11 May, 2020 | 10:30AM

rollercoaster

After the market turmoil created by the coronavirus epidemic in March, stocks markets have started their long recovery. After heavy falls in March, the FTSE 100 climbed around 8% in April and the tech-heavy Nasdaq index soared 20%. 

Equity funds enjoyed the start of a recovery in the month as many opportunistic investors took the chance to top up their holdings after share prices reached lows not seen in decades. According to Morningstar Direct, the average equity fund delivered a positive return of 8.6%,. Meanwhile, commodity funds were down an average of 5.5% in a month where oil demand fell off a cliff and the price of the black stuff briefly turned negative as suppliers struggled to offload the commodity.

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About Author

Annalisa Esposito  is a data journalist for Morningstar.co.uk

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