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Top performing US equity funds revealed

Citywire Asia presents the top five US equity funds in June 2018

In this gallery, we look at US equity funds which emerged as top performers over the one year period ending 30 June 2018.

The analysis is based on funds that are available for sale in Singapore and/or Hong Kong. Fund performance is measured by total returns in USD terms.

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In this gallery, we look at US equity funds which emerged as top performers over the one year period ending 30 June 2018.

The analysis is based on funds that are available for sale in Singapore and/or Hong Kong. Fund performance is measured by total returns in USD terms.

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The T Rowe US large cap growth equity fund was launched in July 2003 with Robert Sharps at the helm. After a management reshuffle, Taymour Tamaddon succeeded Sharps as the lead manager in January 2017. Sharps was later appointed head of investments of T Rowe Price in February this year.

In June, the fund outperformed its index by 0.6 percentage points. According to the fund manager's commentary, outperformance was driven by favourable stock selection in the health care and information technology sector. Conversely, their underweight position in the consumer staples sector (-4.6%) and adverse stock selection in the financial sector held back further gains.

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The Brown Advisory US equity growth fund delivered excess returns of 5.9 percentage points over one year to 30 June 2018. Relative to the index, the fund was most overweight on healthcare (+5.0%) and underweight on consumer discretionary sector (-4.6%).

In the first half of this year, the fund gathered net new assets of $127.3 million, lifting the fund size to $511 million as of end June.

The fund is only open to accredited investors in Singapore. 

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The BGF US Growth A2 USD fund is managed by Citywire A-rated Lawrence Kemp, who joined BlackRock in late 2012 after a twenty year stint at UBS asset management.

While the fund generated alpha over one year to 30 June 2018, it trailed the benchmark by 4.5 percentage points over a five year period. As of end June 2018, the top three holdings of the fund are Amazon (8.3%), Microsoft (5.7%) and Alphabet (5.0%).

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In the second quarter this year, the Morgan Stanley US growth fund delivered outperformance of 5.4 percentage points.

Outperformance in Q2 was largely driven by effective stock selection in the information technology sector. In particular, Twitter was identified as the top contributor. The fund had 6.5% (against index's 0.2%) of its total net assets invested in the stock as of end June. Within the sector, gains were however partially offset by poor performance in Snap, Mercado Libre, Workday and Mastercard.

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The Baillie Gifford worldwide US equity growth fund is managed by a team of three Citywire AAA-rated managers Tom Slater, Gary Robinson, and Helen Xiong.

Over one year to 30 June 2018, the fund returned 43.8 percent, outperforming the S&P 500 TR index by 29.4 percentage points.

The fund is only open to accredited investors in Singapore.

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