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Best and worst performing funds of 2010

Gold and smaller companies funds dominate the top performance charts for 2010, according to figures from Morningstar.

Only 71 of the 2,191 funds launched before January 1, 2010 in the UK failed to produce a positive return for performance figures up to December 9.

The £14.1m SF t1ps smaller companies gold fund, managed by Tom Winnifirth, is the best performer over the year, with a return of almost 09 per cent, followed by MFM Slater growth and Smith & Williamson global gold and resources funds, with 73 per cent and 59 per cent.

Specialist funds dominated the top 20 best performers. Much of this is down to the record gold prices this year CF Ruffer Baker Steel, Investec global gold and MFM junior gold are among the top-performing gold funds in the list. The only bond fund in the top 20 is Neptune international bond, returning 56 per cent.

Top 10 Funds 2010

TRI European residential property is the worst performer, having fallen by almost 25 per cent.

BGF new energy is the second-biggest underperformer, down by 12 per cent, while CF Octopus absolute return is third from the bottom, having fallen by over 11 per cent.

Eight absolute return funds produced a negative return.

Bottom 10 Funds 2010

IMA North American smaller companies was the best-performing sector, returning over 28 per cent on average, with money market funds producing the lowest average return at 0.3 per cent.

Whitechurch Securities managing director Gavin Haynes says: “We think the smaller companies’ rally has been largely missed, so there is more value there. Gold has been rallying since the financial crisis and has been difficult to value, so we are bit more reserved there.”

Fund sector performance 2010

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