This month’s analysis features Japan funds in both the top and bottom funds over the last month, and Jupiter India is the worst fund of the last month.
A very unusual feature is the dominance of property shares funds in the Hot list, taking four of the top 10 slots. Action around big shopping centre landlord Hammerson has galvanised the sector, despite the gloom surrounding High Street retailers.
Otherwise Hot funds are not giving any particularly strong signal, with an eclectic mix of UK equity and bond funds, plus the token absolute return fund from Natixis.
The Not Hot list is dominated by tech funds and the tech-rich US stock market funds, being six out of the bottom 10 funds.
Is this an isolated tumble in tech, or an early sign of the whole US market rolling over? We will probably know by this time next month.
Jupiter India holds up the table. Is this a Hidden Value opportunity? Do look at last week's blog following a recent field trip.
FURTHER READING
Table 1: What's Hot
| Name |
Sector |
Last Month Performance |
| Aberdeen Property Share |
Property |
4.09 |
| Premier Pan European Property Share |
Property |
3.95 |
| Vanguard UK Long Duration Gilt Index |
UK Gilts |
3.42 |
| Legg Mason IF Japan Equity |
Japan |
2.81 |
| Aberdeen European Property Share |
Property |
2.67 |
| Standard Life Investments Global REIT |
Property |
2.23 |
| AXA Sterling Index Linked Bond |
UK Index Linked Gilts |
1.94 |
| F&C UK Alpha |
UK All Companies |
1.85 |
| Aberdeen UK Smaller Companies Equity |
UK Smaller Companies |
1.74 |
| Natixis H2O MultiReturns |
Targeted Absolute Return |
1.52 |
Table 2: What's Not
| Name |
Sector |
Last Month Performance |
| Jupiter India |
Specialist |
-7.68 |
| Baillie Gifford Long Term Global Growth Investment |
Global |
-7.4 |
| M&G Japan |
Japan |
-7.15 |
| Jupiter North American Income |
North America |
-6.98 |
| Janus Henderson Global Technology |
Technology & Telecommunications |
-6.96 |
| Threadneedle American Select |
North America |
-6.76 |
| Threadneedle American |
North America |
-6.69 |
| JPM Global Unconstrained Equity |
Global |
-6.65 |
| T. Rowe Price Global Technology Equity |
Technology & Telecommunications |
-6.54 |
| AXA Framlington Global Technology |
Technology & Telecommunications |
-6.48 |