2 April 2019 - Best global equity funds of 2019 revealed

Article taken from Financial Adviser.

The best performing global equity funds of the first quarter of 2019 have been revealed.

Data from FE Analytics shows the best performing fund in the IA Global sector since the start of 2019 was the £795m Baillie Gifford Global Discovery fund, which has returned 17 per cent in three months.

That performance was enough for the fund to beat the other 273 funds in the sector, the average of which has returned 8 per cent.

The largest sector exposures in the fund, which has been managed by Doug Brodie since 2011, are to healthcare and telecoms, themes which are prevalent in many Baillie Gifford funds.

A significant driver of performance in the first quarter of the year has been Ocado. The UK technology company and grocer’s shares have risen from £8.10 to more than £13 this year to date.

Meanwhile, the best performing global equity investment trust this year to date is Lindsell Train.

This is a £178m investment trust that trades at a 25 per cent premium to its net assets, but rarely issues new shares.

The largest investment in the trust is a stake in Lindsell Train Limited, a privately held asset management company that employs the fund managers of this trust.

Click here to continue reading the article on Financial Adviser.

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