Japan and smaller companies dominated the top performers among open-ended funds over the first 11 months of 2015.
The best performing fund was Legg Mason IF Japan Equity (GB0033507467), up 40 per cent over this period. JPMorgan Japan (GB0030879471) is fourth best, posting a 25 per cent return and in seventh place is Baillie Gifford Japanese Smaller Companies (GB0006014475) up 24.5 per cent.
Legg Mason IF Japan Equity is the top performer in the Investment Association (IA) Japan sector over one, three and five years. "However, this fund is hugely volatile and will have great years of performance when it is top of the charts, but periods when it does not do so well," says Adrian Lowcock, head of investing at AXA Wealth.