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Sunday, 15 January 2017

Named: the best and worst funds of 2016

Named: the best and worst funds of 2016:

"Funds run by BlackRock, Odey and Lyxor have topped a table of 2016’s worst-performing investments, in a year when active stockpickers struggled to cope with the impact of political turmoil and market volatility.

A BlackRock fund that aims to reduce currency risk for clients investing with sterling was named as the worst-performing fund globally last year. It lost 43.9 per cent in 2016 and was hit by the UK’s vote to leave the EU, which caused the value of the pound to plummet.

The BlackRock fund performed marginally worse than the Odey Swan fund run by Crispin Odey, the well-known hedge fund manager. The Odey fund lost 43.7 per cent, after making big bets on a collapse in markets that did not pay off."



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