Gold is again topping the tables along with Asian funds. The UK and property shares struggled, along with a couple of Absolute Return funds.
What’s Hot
- Gold has risen sharply this month. Five gold funds and one mining fund make up 60% of the top 10.
- Baillie Gifford’s Positive Change fund has again done well.
- Two Asia-Pacific funds also make the top 10…
- …while an interesting fund focussing on Timber rounds out the top performing funds over the month.
What’s Not
- UK funds from the main All Companies sector are the worst performers. Smaller companies don’t feature, and that sector average is just positive, which could indicate a turning point. Time will tell.
- There is a mixture of funds making up the Not Hot list. One biotech fund is present along with funds focussing on property shares.
- Biotech generally has done well, but this shows that niche investing can be highly volatile and different funds can give very different returns.
- One Energy fund and an emerging market fund have also had a poor showing…
- …while three Absolute Return funds (one from the Specialist sector) make up the rest of the bottom 10.
FURTHER READING
What's Hot
|
Name
|
Sector
|
Perf %
|
|
Merian Gold And Silver
|
Specialist
|
20.7
|
|
BlackRock Gold & General
|
Specialist
|
14.6
|
|
Ninety One Global Gold
|
Specialist
|
14.6
|
|
Smith & Williamson Global Gold & Resources
|
Specialist
|
12.8
|
|
LF Ruffer Gold
|
Specialist
|
10.2
|
|
Baillie Gifford Positive Change
|
Global
|
10.2
|
|
BlackRock GF World Mining
|
Specialist
|
9.7
|
|
Allianz Total Return Asian Equity
|
Asia Pacific Excluding Japan
|
9.1
|
|
Pictet Timber
|
Specialist
|
9.1
|
|
Barings Eastern Trust
|
Asia Pacific Excluding Japan
|
8.8
|
What's Not
|
Name
|
Sector
|
Perf %
|
|
GVQ UK Focus
|
UK All Companies
|
-7.9
|
|
GVQ Opportunities
|
UK All Companies
|
-7.5
|
|
Morg Stnly Global Property
|
Property Other
|
-5.8
|
|
T. Rowe Price Frontier Markets Equity
|
Specialist
|
-5.3
|
|
BlackRock GF World Energy
|
Specialist
|
-4.9
|
|
L&G Global Real Estate Dividend Index
|
Property Other
|
-4.9
|
|
Candriam Equities L Biotechnology
|
Specialist
|
-4.6
|
|
Winton Diversified (UCITS)
|
Specialist
|
-4.3
|
|
LF Odey Absolute Return
|
Targeted Absolute Return
|
-4.2
|
|
Eaton Vance Int (Ire) Global Macro
|
Targeted Absolute Return
|
-4.1
|