What’s Hot
- Unsurprisingly, given the top funds for the month, China leads the way for December’s top sectors, up 4.77%.
- Despite the back-to-back months as a top sector, be wary that the situation in China can rapidly change overnight, having Stop-Losses could be crucial.
- Emerging market bonds dominate the other top spots. Despite the tough landscape for most bonds, many EM’s are beginning to look more attractive as a result of China’s re-opening, and continue to benefit from shifts in supply chains, technology imports, commodities and tourism.
What’s Not
- Index linked gilts continued to struggle after a torrid year, in December alone they were down -6.44%.
- The US dominated Technology and Technology Innovations sector takes second place, down -5.97% and the tech-heavy Nasdaq index ended 2022 down over 33% for the year.
- India also struggled in December, after a strong autumn, and a recent guest blog from the Schroder’s team gives an honest long-term outlook for the Indian market – it isn’t for the faint hearted!
What’s Hot
|
Name
|
Last Month's Performance %
|
|
IA China/Greater China
|
4.77
|
|
IA Global EM Bonds Local Currency
|
2.89
|
|
IA EUR High Yield Bond
|
2.23
|
|
IA Global EM Bonds Blended
|
2.06
|
|
IA Global EM Bonds Hard Currency
|
1.90
|
What’s Not
|
Name
|
Last Month's Performance %
|
|
IA UK Index Linked Gilts
|
-6.44
|
|
IA Technology and Technology Innovations
|
-5.97
|
|
IA UK Gilts
|
-4.64
|
|
IA North American Smaller Companies
|
-4.06
|
|
IA India/Indian Subcontinent
|
-4.05
|
Performance 01/12/2022 – 31/12/2022
All performance figures quoted as total return in GBP