Global equity funds powered ahead again in August, with financials-focused funds leading the way.
TT Financials added a chunky 13.13% during the month to account for almost all of its yearly gains of 14.84%, while Lansdowne Global Financials added 6.26% for a big YTD gain of over 41%. Martin Currie Global Financials added 5.70% and is now up 8.32% YTD.
It was also a good month for the Marshall Wace Global Opportunities Fund, which netted 7.65% in August. The fund, which launched in March, has gained nearly 30% in its first six months. RAB Energy also posted a big