President Elect Donald Trump Spurred On US Equities, While Europe & Commodities Topped The Lagards.
What’s Hot
- 9/10 top funds come from North American equities.
- The one fund that doesn’t naturally sit in a US-specific sector still has 75%+ invested in US equities.
- As often happens with bullish sentiment, smaller companies bounced more than their large cap peers, with hopes of deregulation and a weaker USD exciting small caps...
- The S&P SmallCap 600 index was up 12% over the month, while the standard S&P 500 was up 6%.
What’s Not
- A bit more variety in November’s ugly performers, with Europe & Commodities the losers.
- Commodities took a breather, with the strongest fund from October flipping to November’s ugliest fund, WS Amati Strategic Metals.
- Other top October funds also appear, including Ninety One & Blackrock Gold funds.
- Europe waned on falling confidence in France and their mounting federal debt issue.
- The one Absolute Return fund is primary a Europe including UK fund, another example to be careful when selecting funds from this eclectic sector.
What’s Hot
|
Name
|
Sector
|
Last Month’s
Performance %
|
|
Morgan Stanley US Advantage
|
North America
|
18.68
|
|
Artemis US Smaller Companies
|
North American Smaller Companies
|
17.98
|
|
Baillie Gifford American
|
North America
|
16.76
|
|
CT US Smaller Companies
|
North American Smaller Companies
|
14.72
|
|
SVS Aubrey Global Conviction
|
Global
|
14.65
|
|
Schroder US Smaller Companies
|
North American Smaller Companies
|
13.77
|
|
abrdn North American Small & Mid-Cap Equity
|
North America
|
12.64
|
|
FTF Royce US Smaller Companies
|
North American Smaller Companies
|
12.42
|
|
VT De Lisle America
|
North America
|
11.49
|
|
Premier Miton US Opportunities
|
North America
|
11.24
|
What’s Not
|
Name
|
Sector
|
Last Month’s
Performance %
|
|
WS Amati Strategic Metals
|
Commodity/Natural Resources
|
-7.71
|
|
WS Ruffer Gold
|
Specialist
|
-6.92
|
|
WS Lancaster Absolute Return
|
Targeted Absolute Return
|
-6.91
|
|
Invesco European Equity (UK)
|
Europe Excluding UK
|
-4.98
|
|
Ninety One Global Gold
|
Specialist
|
-4.98
|
|
BlackRock Gold & General
|
Specialist
|
-4.97
|
|
Schroder European Recovery
|
Europe Excluding UK
|
-4.79
|
|
Invesco European Focus (UK)
|
Europe Excluding UK
|
-4.22
|
|
WS Ardtur Continental European
|
Europe Excluding UK
|
-3.90
|
|
Invesco European Equity Income (UK)
|
Europe Excluding UK
|
-3.88
|
Fund performance 01/11/2024 – 28/11/2024. 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.