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Happy Brexiversary - these are the funds that have performed the worst since the EU referendum

Helen Cahill
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Commercial property funds were some of the worst hit by the Brexit vote (Source: Getty)

It's been three months since the Brexit vote. A lot has happened - but some of the worst hit (apart from David Cameron and George Osborne) were property funds.

Several funds were forced to block withdrawals after the Brexit vote - closing the gate on £15bn-£20bn worth of funds - because investors were taking out so much money; several more imposed fair value adjustments to deter people from removing their cash.

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"Things aren't quite as ugly in the sector as they were, though there are still trading suspensions and fair value adjustments being applied," said Laith Khalaf, senior analyst at Hargreaves Lansdown.

Indeed, Hargreaves Lansdown has compiled a list of the funds with the worst returns since the referendum, and property funds make up a large chunk of the 10 biggest losers.

Fund Total return since 23 June
Kames Property Income -8.8 per cent
FP Argonaut Absolute Return -6.6 per cent
Aviva Investors Property Trust -6.2 per cent
Elite Webb Smaller Companies Income & Growth -5.9 per cent
M&G Property Portfolio Sterling -5.8 per cent
SLI UK Real Estate Retail -5.5 per cent
Henderson UK Property -4.6 per cent
SF Webb Capital Smaller Companies Growth -4.5 per cent
Aberdeen UK Property -4.5 per cent
Legal & General UK Property -3.9 per cent

But those who have been forward-thinking with their investments will have cashed-in on the financial turmoil that followed the referendum.

It's been "a storming summer" for Chinese funds, Khalaf said, due to the weakness of the pound and a strong stock market - especially in Hong Kong. These are the top 10 funds since the Brexit vote:

Fund Total return since 23 June
Julius Baer EF China Evolution 37.3 per cent
WAY Charteris Gold & Precious Metals 37.2 per cent
JPM Brazil Equity 35.7 per cent
Henderson China Opportunities 35.4 per cent
Old Mutual Henderson China Opportunities 35.3 per cent
Junior Gold 35.0 per cent
Henderson HF China 35.0 per cent
Neptune China 34.5 per cent
HSBC Chinese Equity 33.9 per cent
Candriam Equities L Biotechnology 33.6 per cent

Khalaf said: "It’s still very early days in the process of Brexit, and no doubt there are more thrills and spills to come. So far economic data has held up relatively well since the vote, but it may be we are still waiting for the aftershocks to register."

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