Lipper Score UK-Blackrock leads commodities funds in May

LONDON, June 1 (Reuters) - Blackrock's BGF World Gold Fund was the top
performer among British-registered commodities funds in May, data from Thomson
Reuters fund research firm Lipper showed on Monday.

The $5 billion Blackrock fund, which has large holdings in Newcrest Mining
(NCM.AX) and Kinross Gold Corp (K.TO), returned 29 percent in the month. The top
tier of funds was dominated by gold and mining funds after gold prices XAU=
spiked as high as $980 an ounce during May from below $900.

In a month which saw positive performance across the sector, Investec's
Global Commodities & Resources A Fund and a Towry Law precious metals fund
underformed at the rear of the pack.

Following are tables of the best and worst performers in May among
commodities funds registered for sale in Britain. The selection includes funds
listed in the Lipper Global equity indices for gold and precious metals and
natural resources. The tables strip out smaller funds and comprise primary funds
among mutual funds, closed end funds and hedge funds:

FUND LEADERS

Fund name 1 mth(%) 3 mth 1 yr 3 yr 5 yr

1. BGF World Gold Fund 28.95 35.52 -15.18 24.89 125.94

A2 USD
2. Investec GSF Global 27.03 35.39 -16.72 25.08 116.15

Gold A Inc
3. SGAM Fund Equities 26.45 29.46 -11.65 7.79 111.95

Gold Mines AC
4. Craton Capital Precious 26.15 34.25 -21.88 -5.13 107.18

Metal Fund A
5. Manulife Global Funds - 21.12 39.06 -39.03

Global Resources AA

FUND LAGGARDS

Fund name 1 mth(%) 3 mth 1 yr 3 yr 5 yr

1.Investec Global 0.00 11.62 -21.60

Commodities & Resources A
2. Towry Law Precious Metals 2.28 -5.42

Select Accumulating M
3. Martin Currie Global 3.39

Energy
4. Investec Global Energy 4.35 23.66 -20.84 18.37

A Acc Net GBP
5. Baring Global Agriculture 5.53 19.48

A GBP

Lipper, a Thomson Reuters company, is a fund research and analysis
organisation, providing independent insight on global collective investment
including mutual funds, retirement funds, hedge funds, fund fees and fund
expenses to the asset management and media communities.

Lipper data covers 196,000 share classes and over 108,000 funds in 57
registered-for-sale universes. It provides the free Lipper Leader ratings for
mutual funds registered for sale in 27 countries. Additional information is
available at www.lipperweb.com.
(Compiled by Raji Menon; editing by Joel Dimmock and Dan Lalor)
(For the Hedge Hub blog: blogs.reuters.com/hedgehub)
(For Global Investing: here)