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Far East and emerging markets come out on top

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Fund performance in April was dominated by the Far East and emerging markets, according to Dr Richard Ramyar, head of research at Reuters UK & Ireland (UK&I).

Despite this, April’s top performing fund was Investec’s Global Energy fund, giving a 14.7% return. The top performing Investment Management Association (IMA) sector was the Asia Pacific excluding Japan sector, giving a return of 8.34%, which was strongly driven by investments in China.

China and Hong Kong funds from Jupiter (13.86% return), Threadneedle (13.58% return) and Invesco (13.27% return) dominated the top five fund performers. The IMA Japan sector, delivering a 7.46% return, was the third highest performing sector.

Dr Ramyar said: “The only sector to break the mould in April’s top five was the IMA technology and telecoms sector (7.53% return). It thrust through as the month’s second best performing sector with the backdrop of Microsoft’s much discussed offer to purchase Yahoo and surges in equities of Korean and Japanese chip-makers.”

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