These fundies outperformed this quarter thanks to gold and small caps
From the Trump administration’s tariff plans to the first rate cut in almost five years, it has been a turbulent three months. These investors have prospered.
Investors in gold and small caps have emerged as the unlikely winners from three months of market mayhem caused by the arrival of Donald Trump at the White House, with SG Hiscock’s emerging companies fund posting the best returns among local equity investors this quarter.
The US president’s trade and tariff plans, along with widespread cuts to federal government spending, have upended expectations for the year ahead and put markets on edge. The S&P 500 has now closed lower for a fifth week out of the past seven, while the local benchmark has sunk 2 per cent since the start of the year, narrowly avoiding a correction.
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Joanne Tran is a markets reporter for The Australian Financial Review in the Sydney newsroom. Connect with Joanne on Twitter. Email Joanne at jo.tran@afr.com
Sarah Jones is the markets editor at The Australian Financial Review. She is based in the Sydney newsroom. Connect with Sarah on Twitter. Email Sarah at sa.jones@afr.com
