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What’s Hot
- Seven of the top funds are Japanese, four definitely with a Value-style.
- One of those is an index tracker. Nothing wrong with trackers if they have momentum.
- The Artemis emerging market fund is quite small, and also has a Value style.
What’s Not
- In sharp contrast to the latter, Growth-style funds have been battered again.
- As is often the case, Baillie Gifford are in the vanguard…
- …followed by funds from other houses with a Growth bias.
- Europe takes for places, as the continental gloom deepens.
- Lancaster Absolute Return fund is interesting, genuinely multi-asset, and has not previously appeared on our radar.
- The L&G Multi Asset fund isn’t multi-asset, being 85% bonds.
What’s Hot
|
Name
|
Sector
|
Last Month’s
Performance %
|
|
Man GLG Japan Core Alpha
|
Japan
|
6.71
|
|
LF Morant Wright Nippon Yield
|
Japan
|
5.83
|
|
Liontrust Japan Equity
|
Japan
|
4.54
|
|
M&G Japan
|
Japan
|
4.24
|
|
L&G Multi-Asset Target Return
|
Targeted Absolute Return
|
3.47
|
|
Artemis SmartGARP Global Emerging
Markets Equity
|
Global Emerging Markets
|
3.37
|
|
LF Lancaster Absolute Return
|
Targeted Absolute Return
|
3.35
|
|
Schroder Tokyo
|
Japan
|
3.35
|
|
Omnis Japanese Equity
|
Japan
|
3.31
|
|
abrdn Japan Equity Enhanced Index
|
Japan
|
3.27
|
What’s Not
|
Name
|
Sector
|
Last Month’s
Performance %
|
|
Baillie Gifford Global Discovery
|
Global
|
-9.02
|
|
Baillie Gifford American
|
North America
|
-6.98
|
|
CT European Smaller Companies
|
European Smaller Companies
|
-6.78
|
|
Liontrust Global Technology
|
Technology & Technology
Innovation
|
-6.54
|
|
LF Montanaro Better World
|
Global
|
-6.36
|
|
Morgan Stanley US Advantage
|
North America
|
-5.98
|
|
FTF Martin Currie European
Unconstrained
|
Europe Excluding UK
|
-5.85
|
|
Schroder European Alpha Plus
|
Europe Excluding UK
|
-5.70
|
|
abrdn European Smaller Companies
|
European Smaller Companies
|
-5.55
|
|
Premier Miton European Opportunities
|
Europe Excluding UK
|
-5.39
|
Fund performance 01/09/2023 – 28/09/2023. 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.