Mid-year review: which Elite Rated funds have performed best in 2019?

While we may have started 2019 optimistically – hoping Brexit would finally be resolved – as we reach the half-way point of the year, it continues to cause economic, political and stock market uncertainty in the UK.

Meanwhile, the major issues for global stock markets also continue to be the US/China trade war and US interest rate policy. The latter is really the only aspect that has changed in the past six months, as the US central bank has moved from implied interest rate rises to interest rate cuts. As a result, however, almost every single asset class and geography has rallied strongly in the first six months of the year.

Best performing Elite Rated and Radar funds

The best performing Elite Rated and Radar funds so far this year are dominated by US, European and global equities. However, top of the pack over the first six months of 2019 is Smith & Williamson Artificial Intelligence, which has returned just under 30%* for investors.

It is closely followed in second place by Jupiter European Opportunities trust, which returned 27.69%*, while AXA Framlington American Growth comes third, with returns of 27.59%*.

The top ten best performers are shown in the table below.

RankFund or TrustMid-year returns
1Smith & Williamson Artificial Intelligence29.54%
2Jupiter European Opportunities27.69%
3AXA Framlington American Growth27.59%
4AXA Framlington Global Technology27.38%
5Baillie Gifford Global Discovery25.00%
6BlackRock European Dynamic23.90%
7Threadneedle European Select23.45%
8Lazard US Equity Concentrated23.22%
9Rathbone Global Opportunities23.17%
10T. Rowe Price Global Focused Growth Equity21.63%

Mid-year resolutions

As we head into the second half of the year, ‘new resolutions’ will be key to what asset classes continue to perform well: resolution of trade wars should help Asian and Japanese stock markets rebound, while resolution of Brexit should help British companies, which remain very much out of favour. Whether we get those resolutions, especially in that time scale, remains to be seen.

The views of the author and any people interviewed are their own and do not constitute financial advice. However the knowledge that professional analysts have analysed a fund or trust in depth before assigning them a rating can be a valuable additional filter for anyone looking to make their own decisions. Before you make any investment decision make sure you’re comfortable and fully understand the risks. If you invest in fund or trust make sure you know what specific risks they’re exposed to. Past performance is not a reliable guide to future returns. Remember all investments can fall in value as well as rise, so you could make a loss.