From Morningstar: 2024-06-06 04:37:00

In May, almost 80% of Morningstar rated funds in the UK saw gains, with the best performer up nearly 10% and the worst down 7%. UK markets hit record highs, prompting increased attention and activity, including takeovers and M&A.

UK politics and economics in May were eventful, with PM Rishi Sunak announcing a general election for July 4. UK inflation dropped to 2.3% and the country exited a technical recession.

The top 10 funds in May were mostly UK equity strategies, with small-cap funds leading the charge. Conversely, Latin America had a tough month with half of the 10 bottom spots occupied by those funds.

Top performers in May included the Invesco UK Smaller Companies Equity Fund, WS Amati UK Listed Smaller Companies Fund, and SVS Dowgate Wealth UK New Economies Fund. They outperformed their respective categories with gains.

The worst performers in May were the Magna MENA Fund, Morgan Stanley US Advantage Fund, and HSBC Brazil Equity Fund, all experiencing losses that exceeded their category averages. This article was generated with the help of automation and reviewed by Morningstar editors.



Read more at Morningstar: Best and Worst Performing Funds in May 2024