Chinese funds dominate the top performers in June, taking all 10 spots. On the flipside, Latin America and Commodities dominate last month's duds.
What’s Hot
- China remarkably takes all 10 Hotspots in June’s review
- June saw a revival in Chinese equities following months of poor performance due to heightened external and internal political risks, as well as faltering investor confidence
- Year to date the wider Chinese sector is still down nearly 4%...
- …though this may just be the start of a longer Chinese recovery
What’s Not
- Many commodity-based funds have seen a sell-off after drastic gains in the last 6 months
- Funds with a commodity focus take up 7 of the bottom 10 funds (including those Latin America funds)
- A sole UK fund, Jupiter UK Mid Cap, takes 10th spot. A fund which has coincidentally risen right near the top of our 2022 Vintage update, more on that next week.
- An “inflation linked fund” features as well, which does beg the question whether these funds work at all. See our recent blog - “Index-Linked Bonds – An Inflation Hedge?” for more on inflation linking.
What’s Hot
|
Name
|
Sector
|
Last Month
Performance %
|
|
Matthews China
|
IA China/Greater China
|
17.45
|
|
Templeton China
|
IA China/Greater China
|
15.49
|
|
Baillie Gifford China
|
IA China/Greater China
|
15.18
|
|
Aberdeen Standard SICAV I All China
Sustainable Equity
|
IA China/Greater China
|
13.02
|
|
Abrdn Std SCV II-SLI China Equities
|
IA China/Greater China
|
12.78
|
|
FSSA All China
|
IA China/Greater China
|
12.43
|
|
GAM Star China Equity
|
IA China/Greater China
|
12.36
|
|
Fidelity China Consumer
|
IA China/Greater China
|
12.02
|
|
Allianz China A-Shares Equity
|
IA China/Greater China
|
11.93
|
|
Allianz China A-Shares
|
IA China/Greater China
|
11.57
|
What’s Not
|
Name
|
Sector
|
Last Month
Performance %
|
|
BlackRock BGF World Mining
|
IA Commodity/Natural Resources
|
-17.43
|
|
JPM Brazil Equity
|
IA Specialist
|
-17.03
|
|
Pimco GIS MLP & Energy Infrastructure
|
IA Specialist
|
-16.88
|
|
HSBC GIF Brazil Equity
|
IA Specialist
|
-16.55
|
|
BlackRock GF Latin American
|
IA Latin America
|
-14.94
|
|
BMO Overseas Equity-Linked UK Inflation
|
IA Specialist
|
-14.82
|
|
JPM Korea Equity Fund
|
IA Specialist
|
-14.73
|
|
Fidelity Latin America
|
IA Specialist
|
-14.68
|
|
Schroder ISF Global Energy
|
IA Global
|
-14.62
|
|
Jupiter UK Mid Cap
|
IA UK All Companies
|
-14.30
|
Fund performance 01/06/2022 – 30/06/2022. Funds <50m in size and ETF’s excluded from the above research.
NOTE
We do this blog to simply highlight short term trends. These are not recommendations.