.png)
What’s Hot
- Gold was on a tear, as you can see.
- 5 of the top 10 are gold and metals funds…
- …Price Value having 75% in this asset class.
- The other 5 funds are focussed on tech…
- …you wouldn’t normally expect such a correlation between gold and tech.
- Both uptrends are a bit stretched, at least in the short term.
What’s Not
What didn’t go down! Some cross-section, all down by 5% or more
- UK and European property are worst, with doubts either rates going much lower, or any recovery, or both.
- This negativity fed through into some UK and European equity funds.
- Three Japan funds also feature, still struggling post the August “flash crash”.
- One India fund is a symptom a little broader weakness in the sub-continent.
- And the single gilt fund reflects doubts over the long-term path for UK inflation.
What’s Hot
|
Name
|
Sector
|
Last Month’s
Performance %
|
|
WS Amati Strategic Metals
|
Commodity/Natural Resources
|
11.87
|
|
BlackRock Gold & General
|
Specialist
|
10.34
|
|
Ninety One Global Gold
|
Specialist
|
9.03
|
|
WS Ruffer Gold
|
Specialist
|
8.92
|
|
VT Price Value Portfolio
|
Global
|
8.19
|
|
Liontrust Global Technology
|
Technology & Technology Innovation
|
7.19
|
|
L&G Global Technology Index Trust i
|
Technology & Technology Innovation
|
7.07
|
|
Janus Henderson Global Technology Leaders
|
Technology & Technology Innovation
|
6.08
|
|
T. Rowe Price US Large Cap Growth Equity
|
North America
|
5.99
|
|
AXA Framlington Global Technology
|
Technology & Technology Innovation
|
5.85
|
What’s Not
|
Name
|
Sector
|
Last Month’s
Performance %
|
|
Premier Miton Pan European Property Share
|
Property Other
|
-6.54
|
|
abrdn UK Value Equity
|
UK All Companies
|
-6.3
|
|
abrdn UK Real Estate Share
|
Property Other
|
-5.87
|
|
Baillie Gifford Japanese Smaller Companies
|
Japan
|
-5.87
|
|
FTF Martin Currie Japan Equity
|
Japan
|
-5.79
|
|
abrdn Europe ex UK Equity
|
Europe Excluding UK
|
-5.49
|
|
Stewart Investors Indian Subcontinent Sustainability
|
India/Indian Subcontinent
|
-5.37
|
|
Allianz Continental European
|
Europe Excluding UK
|
-5.3
|
|
M&G Japan Smaller Companies
|
Japan
|
-5.04
|
|
Vanguard UK Long Duration Gilt Index
|
UK Gilts
|
-4.97
|
Fund performance 01/10/2024 – 31/10/2024. 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.