What’s Hot, What’s Not: [Sector Edition]

What’s Hot

• The fact that China is top shows that there was a broadly-based bounce triggered by the latest encouragement from their government and central bank.
• The growth within the tech sector was much more varied – if you overweighted Nvidia the growth was most certainly above the sector average.
• This was also the case within the two North American sectors, where the top funds were driven by heady tech weightings.
• Emerging market funds were driven by China, the (re)emerging giant.

What’s Not

• Property Other invests into quoted property companies across the UK and Europe, and was subdued as hopes for early rate cuts were dashed.
• It was similar with the gilt and global bond sectors.
• UK small caps have the same problem, plus they simply cannot capture the imagination of investors… not yet.

What’s Hot

What’s Not