Resources lead global equity upswing


The rebound in equity markets worldwide last month spelled gains for most global equity funds, although there was big dispersion in the returns of funds according to whether they were on the right or wrong side.

It was a big month for energy funds, particularly the volatile Ignis Hexam Global Resources Absolute Return Fund, which added a whopping 47.39% in April to bring its YTD gain to 88.12%.

RAB added a hefty 21.81% gain to its Energy fund in April, and the fund is now up over 35% YTD. The firm's Global Mining and Resources Fund, which struggled