Enable IFA’s of Bishop’s Stortford can help you find the right place to look for your silver lining. It would seem that UK gilt funds dominated the top performance charts in 2011, according to figures from Morningstar at the end of December. Eight of the top 10 performers sat in the Investment Management Association UK gilts and UK index linked gilts sectors, with the Henderson long-dated gilt, managed by Phillip Apel and Mitul Patel the top performer, having risen by 24 per cent between January 1, 2011 and December 20, 2011. That fund was closely followed by Henderson index linked bond and the BAM UK long dated gilt, which have risen 23.59 and 23.58 per cent respectively.
The figures did also reveal that less than one in six funds managed to produce a positive return in 2011, compared to 97 per cent of funds producing a positive return in 2010 but as expected, the IMA UK index linked gilts sector was the best performer, with the 13 funds in the sector up by an average of 21 per cent in 2011. The IMA UK gilts sector rose 15 per cent with the UK corporate bond sector up 4 per cent. The IMA China and greater China sector was the worst performing sector having fallen 24.2 per cent. If you need help looking for the right place to think about investing for the New Year Enable of Bishop’s Stortford are happy to talk it through.
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