US equities come up trumps in November

Historically, the US stock market tends to rally in the immediate aftermath of presidential election results. The market this year did not break the trend, with five of the top ten performing Elite Funds last month US equity funds. Legg Mason ClearBridge US Aggressive Growth came in first returning 6.84%. All five comfortably beat the sector average of 2.14% and the S&P 500 index (2.03%). Trump’s win led to a stronger dollar and consequently, a weaker yen, which helped Neptune Japan Opportunities interrupt the pattern in second place, with gains of 5.97%.

Top performing Elite funds during November 2016*

When it came to the best performing UK equities Elite Funds, smaller companies continued their surprise strong run since the Brexit vote, making up five of the top ten. Unicorn UK Smaller Companies came first, with Marlborough Special Situations coming in second and Wood Street Microcap the third best performing last month.

Top performing Elite UK equity funds during November 2016*

*Source: FE Analytics, Total returns in sterling, 1 Nov 2016 – 30 Nov 2016

This article is provided for information only. The views of the author and any people quoted are their own and do not constitute financial advice. The content is not intended to be a personal recommendation to buy or sell any fund or trust, or to adopt a particular investment strategy. 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. 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. Before you make any investment decision, make sure you’re comfortable and fully understand the risks.Further information can be found on Elite Rated funds by simply clicking on the name highlighted in the article.