2021 was not a great year for equity linked Unit Trust schemes, with the highest returns being 10.51 percent and the next best was 8.74 percent that is not bad when viewed against the Jamaica Stock Exchange Composite Index in 2021 with a rise of a mere 2.2 percent.
Scotia Investments Capital Growth Fund was tops in 2021 following years of being tops in the past.
Scotia Investments one of the perennial top performers in past years, delivered another industry-beating best performance in 2021, based on information published just before the last day of the year with a return of 10.51 percent, followed by Sigma Equity with a return of 8.74 percent. VM Wealth US dollar fund ended with 11.43 percent but the Jamaican Equity fund ended with just 3.7 percent.
JMMB Group’s Capital Growth Fund returned 5.09 percent whilst its Optimum Capital Fund rose 6.86 percent. NCB Capital Market posted gains of 6.24 percent, Proven Investments Select Equity returned 6.11 percent gains for their clients, why JN Mutual Global Fund had returns of 4.56 percent and Barita Investments could only manage a return of 5.09 percent.
Cumax Wealth Management Jamaican equity fund delivered a negative return of 3.16 percent for the year.
Investors should not only focus on recent performance but how well the funds have done over a lon=ger period. For the 5 years to the end of 2018, the three best performing Funds were Sagicor’s Sigma Equity, Scotia’s Premium Growth and Barita’s Capital Growth, for the 10 years to 2018, the same three Funds have been the top performers.
