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Top performing funds and sectors

Explore the top and bottom ten Investment Association (IA) funds and sectors over the past quarter.

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    About our fund commentary

    Article
    Investment fund commentary – fourth quarter 2025
    By  Rob Morgan
    Spokesperson and Chief Analyst
    05 Jan 2026 | 5 min read
    Article
    Funds and sectors Q1 2025 update
    By  Rob Morgan
    07 Apr 2025 | 5 min read
    Article
    Funds and sectors, Oct 2024 update
    By  Rob Morgan
    Spokesperson & Chief Analyst
    04 Nov 2024 | 4 min read
    Article
    Fund and sectors, Sept 2024 update
    By  Rob Morgan
    Spokesperson & Chief Analyst
    01 Oct 2024 | 4 min read

    Top performing funds 

    Gold was a strong performer for yet another quarter. The precious metal has surged this year, and gold mining equities have ridden the trend.

    Bottom performing funds 

    Chinese shares were under pressure, held back by ongoing property sector fragility and tariff uncertainty.

    Top performing sectors 

    Healthcare was a standout equity sector thanks to a combination of defensive earnings, obesity drug tailwinds, and solid third quarter earnings.

    Bottom performing sectors 

    Mega-cap technology shares became more volatile as investors booked profits and questioned rich AI-related valuations.

    What are Investment Association (IA) funds?

    There are several thousand funds on sale in the UK. The Investment Association divides these into about 45 sectors, broad groupings that help investors and advisers compare funds of similar types before looking in detail at individual funds. 

    Figures are shown on a % total return basis, bid to bid price with net income reinvested; Source: FE Analytics, 30/09/25 to 31/12/25. Total returns with income reinvested. Past performance isn’t a reliable guide to future returns.

    Please note: the value of investments can fall as well as rise. Investors may get back less than invested. Past performance is not a reliable indicator of future returns. 
     

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