July 2024 saw US and UK small- and mid-cap funds outperform, while large cap and tech underperformed.

From Morningstar: 2024-08-06 07:31:00

In July, 67.65% of funds were up, with the best performer gaining 9% and the worst down -12.49%. US and UK small- and mid-cap funds excelled, while large cap and tech funds lagged due to a US stock sell-off. China strategies remained at the bottom due to slowing economic growth.

The top three performing funds in July were the Goldman Sachs US Small Cap CORE Equity Portfolio (9% gain), Guinness Asset Management Funds PLC – Global Money Managers (8.43% gain), and CT US Smaller Companies Fund (8.15% gain). These funds outperformed their benchmarks and year-to-date averages.

Conversely, the worst performing funds in July were the Liontrust Global Technology Fund (-12.49% loss), Liontrust Global Innovation Fund (-10.13% loss), and T. Rowe Price Funds OEIC China Evolution Equity Fund (-8.77% loss). These funds fell further than their benchmarks and year-to-date averages, leading to their poor performance.



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