Best and Worst Performing Funds in July

H2O Allegro has yo-yoed back to the top of the performance table, while China and gold funds focused funds also fared well in July 

Annalisa Esposito 3 August, 2020 | 12:08AM

Top performers July

The Negative-Rated H2O Allegro continues to yo-yo up and down the performance rankings. It's been a volatile year for the fund but it is the second-best performer among Morningstar Analyst Rated funds in July, with a return of more than 11% for the month. This performance was not, however, enough to reverse the heavy losses investors that have endured so far in 2020 - the fund is down a hefty 36.1% year to date. 

Top Performing Funds

Indeed, H20 Allegro was the worst performing open-ended fund in the first half of the year (down 42.5%), despite being the best performing fund in May. 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.

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About Author

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

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