The best performing funds of 2023 offered investors the ability to double their investment over the course of 12 months, although poor timing would have resulted in losses of more than a third, a study by Investment Week has found.
2023 was filled with several major financial events, including the biggest banking crash in the US since 2008, the non-materialisation of the 'the year of bond' and the expectations for a potential end of the central bank hiking cycle. That did not mean there was no opportunity for returns, however. Friday Briefing: 2023 or 2022, again? While the average total return of the 20 best performers of 2023 was 60.7%, investors could have made as much as 127.7% had they invested in the HANetf Grayscale Future of Finance UCITS ETF and stuck with it to year-end. However, had investors at...
To continue reading this article...
Join Investment Week for free
Signup and gain exclusive members-only insights - all free of charge!
- Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
- Get ahead of regulatory and technological changes affecting fund management
- Important and breaking news stories selected by the editors delivered straight to your inbox each day
- Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
- Be the first to hear about our extensive events schedule and awards programmes
