Best and Worst Funds in November

Energy and UK funds were the best performers during the month when global shares rallied, while gold and bond funds lagged behind

Annalisa Esposito 1 December, 2020 | 2:08PM
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Gold trophy

November's strong rally caught many investors by surprise after a weak October, turning many of the funds that were at the bottom of the pile into winners, and pushing former high performers into the list of laggards. A Biden win in the US election and perhaps more importantly, a flurry of positive announcements on a coronavirus vaccine, pushed investors into bullish mode.

“Who would have guessed at the start of 2020 that the biggest driver of global markets in November would have been news of virus vaccines and more importantly the efficacy of them?,” says Ben Yearsley, director at Shore Financial Planning. “How many people at the start of the year had ever used the word efficacy? The announcements by Pfizer, Moderna and AstraZeneca turbo charged markets, even though widespread vaccinations won’t occur until well into 2020.”

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Annalisa Esposito  is a data journalist for