Threadneedle American tops UCITS performance for the week


The Threadneedle American Extended Alpha Fund had the best performance on the latest full week of returns, according to the latest data from Absolute UCITS.

The euro denominated fund, which invests in North American equities, returned more than 4% to the week ending 26 November. This year, to October, the fund had returned more than 5.5%.

The fund is in the US equity sector, which also had the best median sector performance on the week by returning 0.24%.

Of the 310 funds that reported to Absolute UCITS, less than 100 produced a positive return for the period. The fund with the worst performance was the euro denominated Vitruvius Emerging Markets Portfolio, which was down 2.9%.

The investment objective of Vitruvius is to provide long term