The hostile environment in world equity markets in May took its toll on global equity funds too. While a small number of funds posted decent returns – notably Tosca, with an 8.99% gain – many were licking their wounds.
Among the bigger losers Sector Speculare IV was down 7.65%, Sofaer Capital Global Opportunities lost 6.72%, Praxient Jaguar lost 5.94% and Guinness Energy was down 5.21%. Audley Natural Resources dropped 4.90%, Abbey Global was down 4.22%, and SR Global lost 3.90%.
RAB Capital added to its woes in a bad month for resources-focused funds, with losses of 6.21% for