Danske Invest Baltic, managed by Kari Salonen, returned 22.98 percent over the month, and beat off strong competition from a host of Turkey-focused funds. Salonen's returns profited from a bumper month for the Tallinn stock exchange and compared to an average 3.01 percent loss for equities funds tracked by Lipper.
The Luxembourg-domiciled fund is up 55.56 percent over the past 12 months. By comparison, UK-registered equities funds on average have posted a 38.70 percent gain.
The worst performing fund in the month was Dalton's Melchior Asian Opportunities fund, down 11.44 percent. However, it has delivered 12 month returns of more than 57 percent.
Following are tables of the best and worst performers in January among equities funds listed in the Lipper Global indexes and registered for sale in Britain. Performance is shown in the fund's local currency and may reflect declared or estimated dividends.
The tables use the latest available data and strip out smaller players, as well as some funds that price less regularly:
FUND LEADERS
Fund name 1 mth (%) 3 mth 1 yr 3 yr 5yr
1. Danske Invest Baltic 22.98 14.96 55.56
44.65 NA A 2. HSBC GIF Turkey 10.45 20.01 128.27 39.00 NA Equity AC EUR
3. Jyske Invest Turkish 9.00 13.57 114.96
0.32 NA Equities
4. SEB Fd 2 - SEB 8.98 17.22 193.48
12.61 NA Russia Fund C EUR 5. Fortis L Equity 7.95 23.28 117.60 9.39 NA Turkey Cap
FUND LAGGARDS
Fund name 1 mth (%) 3 mth 1 yr 3 yr 5yr
1. Melchior Asian Opportunities -11.44 -0.70 57.44
2.51 NA GBP B
2. SGAM Fund Equities -11.39
3.23 28.05 2.62 106.10 Gold Mines AC
3. Parvest China C -11.11 -9.03 52.11
1.25 91.69
4. Callander Fund China -10.90 -9.24 43.72
0.45 88.68 Universe C1
5. SGAM Fund Equities -10.85
5.27 55.89 9.15 112.53 China AC
Lipper, a Thomson Reuters company, is a fund research and analysis organisation, providing independent insight on global collective investment including mutual funds, retirement funds, hedge funds, fund fees and fund expenses to the asset management and media communities.
Lipper data covers 196,000 share classes and more than 108,000 funds in 57 registered-for-sale universes. It provides the free Lipper Leader ratings for mutual funds registered for sale in 27 countries. Additional information is available at www.lipperweb.com.
(Compiled by Joel Dimmock) (For the Hedge Hub blog: http://blogs.reuters.com/hedgehub) (For Global Investing: http://blogs.reuters.com/globalinvesting) Keywords: LIPPER/EQUITIES (joel.dimmock@thomsonreuters.com; -b+44 (0) 20 7542 3505; Reuters Messaging joel.dimmock.thomsonreuters.com@reuters.net) COPYRIGHT Copyright Thomson Reuters 2010. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.
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