MFM Slater Recovery and MFM Slater Growth were among the best performing funds in March, while India and Europe also delivered top returns for investors, Charles Stanley analysis shows.
However, the MFM Junior Oils and MFM Junior Gold funds were also the worst performing funds for the month.
Both MFM Slater funds benefited from strong performance in their largest holding Hutchison China Meditech.
The recovery fund was the top performer delivering 8.1 per cent while the growth fund returned 6.4 over the month.
Jupiter India and Neptune India both also delivered strong returns of 7.8 per cent and 6.7 per cent respectively.
City Financial Absolute Equity rounded out the top five returning 7.2 per cent.
The remainder of the top 10 consisted of European funds, which were the Henderson European Smaller Companies, T Rowe Price Continental European, JPM European Smaller Companies, Barings German Growth and EdenTree Amity European.
In contrast, commodities dominated more than half of the bottom 10, including MFM Junior Oils and MFM Junior Gold delivering -5.1 per cent and -5 per cent respectively.
Charteris Gold & Precious Metals returned -4.6 per cent and Canlife Global Resource returned -3.1 per cent – the same as Jupiter US Small and Mid Caps Companies.
Eclectica Absolute Macro rounded out the bottom fund with a return of -3.5 per cent.