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US equity funds deliver top performance in 2024 while Latin America and energy suffer
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investmentweek.co.ukAnalysing the total return across the investment fund universe for the past 12 months, the Alger Focus Equity fund topped the year with 56.3% delivered, according to data from FE fundinfo. The strategy, which invests completely in North American equities, has 49 holdings, with the largest holdings being Nvidia (11.6%), Microsoft (10.2%), and Amazon (5.6%), all part of the Magnificent Seven. «Looking at markets now and it was a good year all round for equities,» said Ben Yearsley, director at Fairview Investing. «Clearly AI and tech were the key drivers but there were solid returns in ...
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