This month’s What’s Hot is almost the mirror image of last month’s, with Japan and Japanese Smaller Companies on the rise, along with commodities. Long dated bonds fell after a strong rally in August.
What’s Hot?
- Japanese funds make up 50% of the top performers in September…
- …with Japanese Smaller Companies at numbers 2 and 3 in the table.
- This was driven by buying from within Japan.
- Gold and natural resources make up the rest of the table, continuing their strong run this year.
- This was triggered by Chinese growth holding up (along with Asia as a whole).
- Biotech sneaks in at the bottom. Its large US exposure makes this fund more geared towards the ebbs and flows of the US Presidential election.
What’s Not?
- UK long dated bonds make up 9/10 funds.
- After a good August funds holding bonds with a long time until they mature have fallen back in September.
- One UK growth fund makes it into the table. Uncertainty is still a factor in the UK stock market.
- This was due to fears about higher interest rates and higher inflation, particularly if helicopter money is coming.
FURTHER READING
Table 1: What's Hot?
|
Name
|
|
Sector
|
Last Month Performance
|
|
Legg Mason
|
IF Japan Equity
|
Japan
|
13.57
|
|
Baillie Gifford
|
Japanese Smaller Companies
|
Japanese Smaller Cos
|
11.83
|
|
Invesco Perpetual
|
Japanese Smaller Companies
|
Japanese Smaller Cos
|
11.27
|
|
JPM
|
Japan
|
Japan
|
9.33
|
|
First State
|
Global Resources
|
Global
|
9.27
|
|
Smith & Williamson
|
Global Gold & Resources
|
Specialist
|
9.08
|
|
JPM
|
Natural Resources
|
Specialist
|
8.19
|
|
BlackRock
|
Gold & General
|
Specialist
|
8.01
|
|
AXA
|
Framlington Japan
|
Japan
|
7.96
|
|
AXA
|
Framlington Biotech
|
Specialist
|
7.75
|
Table 2: What's Not?
|
Name
|
|
Sector
|
Last Month Performance
|
|
Jupiter
|
UK Growth
|
UK All Companies
|
-3.02
|
|
Natixis
|
H2O MultiReturns
|
Targeted Absolute Return
|
-2.98
|
|
Vanguard
|
UK Long Duration Gilt Index
|
UK Gilts
|
-2.95
|
|
Insight
|
UK Govt Long Maturity bond
|
Unclassified
|
-2.89
|
|
Aberdeen
|
Sterling Long Dated Govt Bond
|
UK Gilts
|
-2.69
|
|
Newton
|
Long Gilt
|
UK Gilts
|
-2.45
|
|
Insight
|
UK Corporate Long Maturities Bond
|
Unclassified
|
-2.32
|
|
F&C
|
Overseas Equity Linked UK Gilt
|
Specialist
|
-2.28
|
|
Henderson Inst
|
Long Dated Credit
|
Sterling Corporate Bond
|
-2.25
|
|
Baillie Gifford
|
Active Long Gilt Plus
|
Unclassified
|
-2.24
|
Performance: 01/09/2016-29/09/2016