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Gold: Protection

TrustNet has produced a table of the 20 top-performing funds it identifies as safe havens in a tempestuous market.

The firm says comparing its unit trust and Oeic league tables for October and July finds a completely different range of funds come out on top. It says lower-risk funds are remaining buoyant in current market conditions and fixed interest is a recurring theme. In July, high-income and smaller company funds dominated the tables.

The Merrill Lynch gold & general fund, from the commodities and energy sector, tops this month&#39s chart with a one-year rise of 33.6 per cent. In second place is the Govett US bear fund, an indexed fund with one-year performance of 30.2 per cent. Third is the fixed-interest Baring global bond trust, achieving a 12 per cent rise over one year.

Founding partner James Jones says: “We are witnessing a shift in managed fund performance statistics as commodities, gold and fixed-interest funds come into play. These funds are generally more protected when markets become turbulent. However, investors should consider the cost implications before deciding to switch funds. Of course, including these funds in an investment strategy could provide some protection against uncertain markets.”


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