Our Pick Of The Top 10 Best-Performing Funds of 2024 (2024)
Our methodology sets out the criteria we used to select our pick of the best-performing funds in each Investment Association (IA) category, which were as follows:
Top of the list by some margin was the JP Morgan Emerging Europe, Middle East & Africa investment trust, with a one-year return of almost 50%. The Amundi Semiconductor ETF comfortably took second place with a one-year return of 43%, well ahead of the iShares Poland ETF at 35%.
After a torrid 2022, the resurgence in US technology stocks propelled the Manchester & London trust and Natixis Loomis Sayles U.S. Equity Leaders fund up the leaderboard, with one year returns of 30% and above.
Interestingly, the top UK-invested fund, Ninety One UK Special Situations, outperformed the Artemis SmartGARP European fund, despite a mixed year for UK equities.
In other categories, bonds shrugged off the global rout of 2022 to deliver healthy returns. Despite a strong showing from Japan, Asia Pacific funds continued to face challenges around the re-opening of the Chinese economy and geopolitical tensions.
Another theme was the outperformance of actively-managed funds, with only two ETFs making the grade. It was also a successful year for investment trusts, which topped two of the 10 categories, despite being a much smaller sector than their open-ended counterparts.
We look at each of the top-performing funds in more detail below.
Vanguard High-Yield Corporate Fund Investor Shares
The Vanguard High-Yield Corporate Fund (VWEHX) takes the top spot on our list of the best high-yield bond funds for May 2024 thanks, largely, to its low expense ratio.
Conventional wisdom holds that when you hit your 70s, you should adjust your investment portfolio so it leans heavily toward low-risk bonds and cash accounts and away from higher-risk stocks and mutual funds. That strategy still has merit, according to many financial advisors.
At the beginning of 2024, bond yields, the rate of return they generate for investors, were near post-financial crisis highs1—and for fixed-income, yields have historically served as a good proxy for future returns.
Top performing investment funds owned by Vanguard worldwide 2024, by one-year return. As of May 2024, the Vanguard Communication Services Index Fund provided the highest one-year return rate. The Vanguard Mega Cap Growth Index ranked second having a one-year return rate of 37.4 percent.
Quant Small Cap Fund(G) tops the chart with over 39% returns followed by Quant Mid Cap Fund(G), Nippon India Small Cap Fund(G), Quant Flexi Cap Fund(G) and Motilal Oswal Midcap Fund-Reg(G) in the same pecking order. 1.
The combination of high mortgage rates, steep home prices and low inventory levels are lining up to make the 2024 housing market a challenging one for both buyers and sellers. But rates have cooled a bit — if that continues throughout the year, as some experts predict, then market activity should heat up in response.
Introduction: My name is Margart Wisoky, I am a gorgeous, shiny, successful, beautiful, adventurous, excited, pleasant person who loves writing and wants to share my knowledge and understanding with you.
We notice you're using an ad blocker
Without advertising income, we can't keep making this site awesome for you.
