Best and Worst Performing Funds in May

H2O Allegro fund was the surprise top performing fund in May, while the former Woodford Equity Income fund continue to struggle a year after its suspension 

Annalisa Esposito 1 June, 2020 | 11:58AM

top performers

The recovery looks to be well and truly underway for some funds, with double-digit returns for our list of top performers in May. 

The Neutral-Rated H2O Allegro fund is the surprise of the month. The fund was downgraded by Morningstar analysts a year ago after being put under review amid concerns about its exposure to illiquid, high-risk bonds linked to controversial German entrepreneur Lars Windhors. But the fund tops the leaderboard for May, up an incredible 23.1%. However, this wasn’t enough to reverse the heavy losses investors in the fund have endured in recent months and the fund is down 45.8% year to date. 

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About Author

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

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