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Top performing funds and sectors

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

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    About our fund commentary

    Article
    Market commentary - October 2024
    By Rob Morgan
    Spokesperson & Chief Analyst
    04 Nov 2024 | 4 min read
    Article
    Market commentary - September 2024
    By Rob Morgan
    Spokesperson & Chief Analyst
    01 Oct 2024 | 4 min read
    Article
    Market commentary - August 2024
    By Rob Morgan
    Spokesperson & Chief Analyst
    02 Sep 2024 | 7 min read
    Article
    Market commentary - July 2024
    By Rob Morgan
    Spokesperson & Chief Analyst
    01 Aug 2024 | 5 min read

    Top performing funds 

    Gold was the standout performer for another month. The precious metal has surged this year and gold mining equities have ridden the trend.

    Bottom performing funds 

    UK shares and gilts experienced additional volatility around the Budget, which revealed significant spending and investment plans – as well as tax rises.

    Top performing sectors 

    The tech sector fought back from its summer lull while bank stocks rose as they are seen to be a beneficiary of higher-for-longer interest rates.

    Bottom performing sectors 

    Bonds and interest rate sensitive areas were under pressure from longer term inflation concerns, with UK gilts in the spotlight thanks to the fallout from the Budget.

    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, data for October 2024: 30/09/2024 to 31/10/2024. Onshore and retail open-ended funds only.

    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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