Sterling Terms: Wall Street and Record Highs

sterling terms: This has meant that some of the biggest funds popular with small investors such as M&G's 6.3bn Global Dividend have made gains of nearly 40% over the past year, according to The Guardian. But not everyone has shared in the party. Wall Street's S&P 500 has hit record highs, with British investors gaining even more in sterling terms because of the fall in the currency. The single biggest fund in the UK, Standard Life's 26.3bn Global Absolute Return Strategies, has managed to lose money when almost everyone else has been coining it. Star fund manager Neil Woodford has also had a poor year, making just 2.7% over the past 12 months for investors in his popular 9.2bn equity income fund. The fund is down 3.3% over the past 12 months, compared with the 17% gain made by UK index-tracking funds over the same period. (news.financializer.com). As reported in the news.