It’s a clear reversal compared to last month, with North American funds now occupying the top places and Gold funds making up the bottom places.
What’s Hot
- All funds are growth-style and have a significant exposure to US tech and/or health care.
- 5 funds here were in the Bottom 10 last month, 3 of these being Morgan Stanley US Growth, Morgan Stanley US Advantage and Baillie Gifford American in the North America sector.
- The other 2 are Baillie Gifford Health Innovation and Nikko AM ARK Disruptive Innovation, both in the Specialist sector. The latter fund pops up in our “What’s Hot, What’s Not” analysis frequently, for good and bad, so a very volatile fund.
What’s Not
- 90% of funds are Gold-focussed.
- Several of these Gold funds were in the Top 10 last month, for example LF Ruffer Gold and Ninety One Global Gold.
- Making up the final bottom spot is an absolute return fund, supposedly a low risk sector, but many funds in the sector take risk more associate with a stock-market linked fund.
What’s Hot
|
Name
|
Sector
|
Last Month Performance %
|
|
Nikko AM ARK Disruptive Innovation
|
IA Specialist
|
19.1
|
|
Morg Stnly US Growth
|
IA North America
|
14.6
|
|
Baillie Gifford American
|
IA North America
|
13.9
|
|
Liontrust Global Smaller Companies
|
IA Global
|
12.7
|
|
Baillie Gifford Health Innovation
|
IA Specialist
|
11.9
|
|
New Capital US Future Leaders
|
IA North America
|
11.9
|
|
Wells Fargo Worldwide US All Cap Growth
|
IA North America
|
11.6
|
|
Oyster US Small & Mid Company Growth
|
IA North America
|
11.4
|
|
T. Rowe Price Global Technology Equity
|
IA Tech & Telecoms
|
11.3
|
|
Morg Stnly US Advantage
|
IA North America
|
11.2
|
What’s Not
|
Name
|
Sector
|
Last Month Performance %
|
|
ES Baker Steel Gold & Precious Metals
|
IA Specialist
|
-11.9
|
|
JGF-Jupiter Gold And Silver
|
IA Specialist
|
-11.9
|
|
Ninety One Global Gold
|
IA Specialist
|
-11.7
|
|
MFM Junior Gold
|
IA Specialist
|
-11.1
|
|
Smith & Williamson Global Gold & Resources
|
IA Specialist
|
-11.0
|
|
BlackRock Gold & General
|
IA Specialist
|
-10.9
|
|
Quilter Investors Precious Metals Equity
|
IA Specialist
|
-10.9
|
|
LF Ruffer Gold
|
IA Specialist
|
-9.1
|
|
WS Charteris Gold & Precious Metals
|
IA Specialist
|
-9.0
|
|
LF Brook Absolute Return
|
IA Targeted Absolute Return
|
-7.1
|