.png)
What’s Hot
- A handful of technology stocks drove 9 of the hot funds
- The top funds from L&G matched the approximate average annual gain from the US stock market in one month, 10%.
- The single most important stock, Nvidia, now has a value greater than that of the UK, German, and French stock markets combined…
- …this is a classic bubble and investor mania.
What’s Not
- Europe has suffered in the wake of EU elections, as voters in key countries swung to extremes of the political spectrum…
- …France in particular has given back decent gains made earlier in 2024. This drama is not yet over.
- Gold has come under a bit of pressure, but the longer dated uptrend is intact…
- …and gold mining shares have not been cheaper for a few decades.
- One UK fund from Fidelity is a bit anomalous. It might be an opportunity.
What’s Hot
|
Name
|
Sector
|
Last Month’s
Performance %
|
|
L&G Global Technology Index Trust
|
Technology & Technology Innovation
|
10.17
|
|
Stewart Investors Indian Subcontinent Sustainability
|
India/Indian Subcontinent
|
10.05
|
|
AXA Framlington Biotech
|
Specialist
|
8.19
|
|
Liontrust Global Technology
|
Technology & Technology Innovation
|
8.07
|
|
UBS US Growth
|
North America
|
8.06
|
|
T. Rowe Price US Large Cap Growth Equity
|
North America
|
7.64
|
|
FTF Franklin US Opportunities
|
North America
|
7.35
|
|
Thesis TM Natixis Loomis Sayles U.S. Equity Leaders
|
North America
|
7.34
|
|
M&G Global AI Themes
|
Global
|
7.15
|
|
T. Rowe Price Global Technology Equity
|
Technology & Technology Innovation
|
6.91
|
What’s Not
|
Name
|
Sector
|
Last Month’s
Performance %
|
|
WS Amati Strategic Metals
|
Commodity/Natural Resources
|
-10.52
|
|
Scottish Widows Global Environmental Solutions
|
Global
|
-6.10
|
|
Schroder European Recovery
|
Europe Excluding UK
|
-5.45
|
|
WS Ardtur Continental European
|
Europe Excluding UK
|
-5.37
|
|
Invesco European Focus (UK)
|
Europe Excluding UK
|
-5.23
|
|
BlackRock Gold & General
|
Specialist
|
-5.19
|
|
Invesco European Equity (UK)
|
Europe Excluding UK
|
-5.15
|
|
EdenTree Responsible and Sustainable European Equity
|
Europe Excluding UK
|
-5.08
|
|
Ninety One Global Gold
|
Specialist
|
-4.89
|
|
Fidelity UK Opportunities
|
UK All Companies
|
-4.72
|
Fund performance 01/06/2024 – 27/06/2024. Funds <50m in size and ETFs excluded from the above research.
NOTE
We do this blog to simply highlight short term trends. These are not recommendations.