SINGAPORE (July 8): As the outcome of the UK’s referendum on the European Union became apparent in the early hours of June 24 in Singapore, global financial markets looked like they were on the brink of a meltdown.

In barely a week, however, an uneasy calm seems to have returned.

The CBOE Volatility Index (VIX), commonly known as the “fear gauge”, which jumped 49% to 25.8 on June 24, has since fallen more than 40% to 14.8.

Investor appetite for risk assets also appears to have improved. The Standard & Poor’s 500 index has charged back to pre-Brexit levels, while European equities have recouped more than half of their losses.

Curiously, traditional safe-haven assets are also still very much in demand by investors.

Singapore offers a rich universe of actively managed open-ended funds through which just about any broad investment view can be expressed. However, with over a thousand actively managed primary funds and nearly 6,000 share classes, the choice can be overwhelming.

Is it time to get back into stocks? Where in the world should one invest?

How do you find long-term winners in the fund universe, whatever your view of the market?

All in, we has come up with 21 “best-in-class” funds across various sectors, spanning those that have been beaten down in recent months and those that have suffered a long period of underperformance to those that have been advancing on a wave of optimism.

Institutional share classes were omitted so that what is captured is accessible to individual investors.

Find out which “best-in-class” funds you should go for in our Personal Wealth section cover story in The Edge Singapore (week of 11 July), available now at newsstands.