Emerging markets funds led performance tables in November with Indian funds doing particularly well, as oil prices dropped.
Four out of the top five performers for the month were open-ended India-focused products including the £777m Jupiter India and £85m Neptune India funds, which were up 8% and 9% respectively.
Ben Yearsley, director at Shore Financial Planning, said this was “no surprise” as the country is a large net importer of oil, which fell from $73 to $59 at the end of November, countering inflation and going “straight into the pockets of the Indian consumer”.
Meanwhile, China and emerging markets funds also made the top ten including Ross Teverson’s £112m Jupiter China fund, which was up 8% and First State’s £5m GEM Focus fund, which made a 7.6% return.
City of London Investment Group (LON:CLIG) is an asset management group which specialises in investing in closed-end investment companies. The firm is authorised and regulated by the Financial Conduct Authority and registered as an Investment Adviser with the Securities and Exchange Commission.