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What’s Hot
- A mixed bag up the top of funds table over the last month.
- Gold related funds steal the spotlight back as the gold price hits new all-time highs.
- Korea sneaks in with a rare appearance, riding the rebound in Korean equities.
- Despite concerns around China’s DeepSeek AI breakthrough and its impact on big US tech, a few US growth funds managed strong performances.
- Europe finally makes a comeback in the What’s Hot list, with sentiment starting to improve across the continent. Germany and France’s major indices surged by around 8% over the month, giving European Growth funds a much-needed boost.
What’s Not
- India and UK Smaller Companies funds dominate the losers this month as both sectors cool off after an impressive run in 2024.
- India saw foreign investors pulling money out but many see this as a healthy correction with long-term opportunities still intact.
- UK Smaller Companies funds struggled even as the FTSE 100 hit all-time highs. This could be an area to watch – if they start catching up, there might be some interesting opportunities.
What’s Hot
|
Name
|
Sector
|
Last Month’s
Performance %
|
|
Ninety One Global Gold
|
Specialist
|
12.05
|
|
Barings Korea Trust
|
Specialist
|
10.52
|
|
BlackRock Gold & General
|
Specialist
|
10.34
|
|
Morgan Stanley US Advantage
|
North America
|
9.94
|
|
Baillie Gifford American
|
North America
|
9.24
|
|
WS Amati Strategic Metals
|
Commodity/Natural Resources
|
9.05
|
|
Equitile Feeder
|
Global
|
8.84
|
|
WS Ruffer Gold
|
Specialist
|
8.73
|
|
FP Carmignac European Leaders
|
Europe Excluding UK
|
8.35
|
|
Royal London European Growth
|
Europe Excluding UK
|
8.21
|
What’s Not
|
Name
|
Sector
|
Last Month’s
Performance %
|
|
Liontrust India
|
India/Indian Subcontinent
|
-7.40
|
|
Jupiter India
|
India/Indian Subcontinent
|
-6.68
|
|
Stewart Investors Indian Subcontinent All Cap
|
India/Indian Subcontinent
|
-6.31
|
|
MI Canaccord Genuity UK Smaller Companies
|
UK Smaller Companies
|
-5.52
|
|
FP Octopus UK Micro Cap Growth
|
UK Smaller Companies
|
-4.78
|
|
Liontrust UK Micro Cap
|
UK Smaller Companies
|
-4.05
|
|
WS Amati UK Listed Smaller Companies
|
UK Smaller Companies
|
-3.77
|
|
FTF Martin Currie UK Smaller Companies
|
UK Smaller Companies
|
-3.29
|
|
Royal London UK Smaller Companies
|
UK Smaller Companies
|
-3.09
|
|
Liontrust UK Smaller Companies
|
UK Smaller Companies
|
-2.90
|
Fund performance 01/01/2025 – 30/01/2025. 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.