Should I spend or should I save?
With our social lives on hold, holidays postponed, and many shops shut, there hasn’t been much to do...
The top performing Elite Rated funds during July 2016 threw up some surprises, with some UK mid and small-cap funds, which were hurt most by Brexit, bouncing back to take their place in the top ten.
Japanese equity funds, which had a torrid June, also bounced back with prominent positions in the top ten. Our senior research analyst, James, recently said: “With Abe having won a super-majority, he is in a very strong position and constitutional change is finally on the agenda. The government needs asset prices to rise and wealth to increase, and it will continue to support the economy and markets. Investing in Japan can be very volatile and the easy money was made at the start of Abenomics, but this could still be good news for equities.”
Top 10 performing Elite Rated funds during July 2016¹:
¹Source: FE Analytics, main shareclasses, total returns in sterling, from 1 July 2016 to 31 July 2016