Gold funds are prominent in the top table. Unsurprising as gold is a perceived safe haven. More interestingly, China is up there, too. Japan, Latin America and UK funds make up the bulk of the Not Hot list.
What’s Hot
- Three gold funds appear in the Hot table this month, with LF Ruffer Gold taking the top spot.
- One biotech fund – focussing on smaller and medium-sized companies – makes the top table.
- Three China-focussed funds, and two general Asian and emerging market funds with big China weightings, also feature.
- One UK property fund makes up the top 10 table. This is due to an upwards price adjustment in the last month. This reverses a downwards adjustment of 6.2% made in August 2019.
What’s Not
- Three Japanese Smaller Companies funds fall in the bottom table. Baillie Gifford is down over 11% for the month.
- UK larger companies don’t feature in the bottom table…
- …but midcap, smallcap and two “Value” funds are all present in the bottom table.
- Latin American funds make up the rest of the poor performers over the month.
No US funds appear in either but do keep an eye on them. The response from US officials to the COVID-19 virus has been poor, so infection rates may be much higher than reported, which would hit the US stock market over coming weeks.
FURTHER READING
What's Hot
|
Name
|
Sector
|
Last Month Performance
|
|
LF Ruffer Gold
|
Specialist
|
7.7
|
|
Baillie Gifford China
|
China/Greater China
|
7.5
|
|
BlackRock Gold & General
|
Specialist
|
7.1
|
|
AXA Framlington Biotech
|
Specialist
|
5.5
|
|
Threadneedle China Opportunities
|
China/Greater China
|
5.5
|
|
Investec Global Gold
|
Specialist
|
5.3
|
|
BlackRock Aquila Emerging Markets
|
Global Emerging Markets
|
5.1
|
|
BMO UK Property
|
UK Direct Property
|
4.7
|
|
Janus Henderson China Opportunities
|
China/Greater China
|
4.3
|
|
BNY Mellon Oriental
|
Asia Pacific Excluding Japan Ret
|
4.0
|
What's Not
|
Name
|
Sector
|
Last Month Performance
|
|
Baillie Gifford Japanese Smaller Companies
|
Japanese Smaller Companies
|
-11.9
|
|
SVM UK Opportunities
|
UK All Companies
|
-11.3
|
|
Invesco Latin American (UK)
|
Specialist
|
-10.0
|
|
Threadneedle Latin America
|
Specialist
|
-9.9
|
|
ASI UK Recovery Equity
|
UK All Companies
|
-9.9
|
|
Invesco Japanese Smaller Companies (UK)
|
Japanese Smaller Companies
|
-9.7
|
|
Liontrust UK Mid Cap
|
UK All Companies
|
-9.3
|
|
M&G Japan Smaller Companies
|
Japanese Smaller Companies
|
-8.4
|
|
LF Tellworth UK Smaller Companies
|
UK Smaller Companies
|
-8.4
|
|
M&G Recovery
|
UK All Companies
|
-8.3
|