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4 factors that led to the incredible returns of Philip Morris. 

Growth stocks fell out of favour with investors in a year defined by rising inflation and geopolitical tensions.

Commodity-linked stocks populate the top and bottom of the league table.

Growth was the place to be through the covid-19 pandemic while value managers couldn't catch a break.

It's been a volatile year so far and some funds fared better than others.

Equity funds have been hit hard in the Covid-19 sell-off, but it is those that avoided underperforming commodity-related companies, financials,...

Alternative strategies and bond funds were the only funds that managed to eke out positive returns in the market sell-off.