For the first time in history, the entire What’s Hot list encompasses just one country: Japan. At the same time Energy funds have taken a tumble, as well as a couple of UK and US funds.
What’s Hot
- Japanese funds account for every single Top 10 spot!
- 40% of these funds are in Japanese Smaller Companies, an overlooked and under-researched sector.
- Why the Japan dominance? The appointment of new prime minister Mr Suga in late August has boosted confidence that Japan will continue with ‘Abenomics’.
What’s Not
- 3 out of 4 of the worst performing funds are Energy-based, the world oil majors coming under pressure and the oil price is drifting.
- Some Value funds from the UK All Companies sector also feature. When might we see the ‘Great Rotation’? We continue to monitor this.
- 3 US funds highlight the recent, albeit small, turn in the US markets. Both the large cap and small cap sectors showing.
What's Hot
|
Name
|
Sector
|
Last Month Performance
|
|
Aberdeen Standard SICAV I Japanese
Smaller Companies
|
IA Japanese Smaller Companies
|
11.7
|
|
Legg Mason IF Japan Equity
|
IA Japan
|
10.79
|
|
Janus Henderson Horizon Japanese
Smaller Companies
|
IA Japanese Smaller Companies
|
10.62
|
|
JPM Japan
|
IA Japan
|
10.56
|
|
AXA Framlington Japan
|
IA Japan
|
10.34
|
|
Baillie Gifford Japanese Smaller Companies
|
IA Japanese Smaller Companies
|
10.29
|
|
Liontrust Japan Equity
|
IA Japan
|
9.95
|
|
BNY Mellon Japan Small Cap Equity Focus
|
IA Japanese Smaller Companies
|
9.89
|
|
JOHCM Japan
|
IA Japan
|
9.77
|
|
First Sentier Japan Focus
|
IA Japan
|
9.72
|
What's Not
|
Name
|
Sector
|
Last Month Performance
|
|
Schroder ISF Global Energy
|
IA Global
|
-11.77
|
|
New Capital US Growth
|
IA North America
|
-10.44
|
|
Guinness Global Energy
|
IA Global
|
-9.94
|
|
BlackRock GF World Energy
|
IA Specialist
|
-8.02
|
|
Barclays GlobalAccess US Small & Mid Equity
|
IA North American Smaller Comp.
|
-7.84
|
|
Aviva Inv UK Listed Equity High Alpha
|
IA UK All Companies
|
-7.63
|
|
Ninety One UK Special Situations
|
IA UK All Companies
|
-7.52
|
|
Man GLG Undervalued Assets Professional
|
IA UK All Companies
|
-7.5
|
|
New Capital China Equity Ord Acc GBP
|
IA China/Greater China
|
-7.02
|
|
Barclays GlobalAccess US Equity
|
IA North America
|
-6.74
|