Happy Brexiversary – these are the funds that have performed the worst since the EU referendum
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.
Read more: West End gets Brexit boost as sales to tip over £9bn for the first time
"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."