What’s Hot? What’s Not: China Recovers, US Stumbles [Sector Edition]

What’s Hot

• China leads the way this month as positive signs for the economy continue… though it’s still early days.
• The commodity boom continues, driven by top performances from gold funds.
• India is back on the hot list having led the duds last month.
• It’s good to see two UK sectors appear in the list this month as value investing continues its resurrection in the UK…
• …this could be signs for many years to come.

What’s Not

• Signs of cracks appear in the US market as US small co’s lead the duds with large co’s also appearing on the list this month.
• Japan takes a breather this month as it follows a sell-off on Wall Street. The yen continued to weaken over the month and some think government intervention to prop up the currency has already begun (though authorities have not confirmed).
• Two UK Gilt sectors appear in the duds this month as Gilt yields continued to rise. This follows data showing UK businesses are growing at the fastest pace in nearly a year, as well as some hawkish comments from the BoE on interest rates.

What’s Hot

What’s Not