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What’s Hot
- U.K. funds make up the top 3 places.
- Small, mid-cap and Value-style funds dominate.
- Juicy gains of 7-8% in one month.
- See “What’s Hot – Sectors” for why the UK might be bouncing.
- A renaissance of US smaller companies within the last month.
- One Japan and a (still) cheap gold equities fund make an appearance too.
What’s Not
- As US small cap bounced, technology tanked.
- 7 out of the 10 duds are pure tech funds, or tech dominated.
- Doubts arose on the justification for bubble valuations and the AI dream.
- China also features with two funds…
- …The problem isn’t valuations (they’re cheap) but confidence…
- …with more commitment from the Chinese authorities, there is the potential for large and sustained gains.
What’s Hot
|
Name
|
Sector
|
Last Month’s
Performance %
|
|
Royal London UK Mid-Cap Growth
|
UK All Companies
|
8.20
|
|
Aviva Inv UK Listed Small and Mid-Cap
|
UK All Companies
|
8.15
|
|
CT UK Mid 250
|
UK All Companies
|
7.62
|
|
CT American Smaller Companies (US)
|
North American Smaller Companies
|
7.56
|
|
Schroder US Smaller Companies
|
North American Smaller Companies
|
7.52
|
|
CT US Smaller Companies
|
North American Smaller Companies
|
7.29
|
|
FTF Royce US Smaller Companies
|
North American Smaller Companies
|
7.24
|
|
Unicorn UK Income
|
UK Equity Income
|
7.22
|
|
FTF Martin Currie Japan Equity
|
Japan
|
7.15
|
|
Ninety One Global Gold
|
Specialist
|
7.15
|
What’s Not
|
Name
|
Sector
|
Last Month’s
Performance %
|
|
Liontrust Global Technology
|
UT Technology & Technology Innovation
|
-12.49
|
|
Liontrust Global Innovation
|
UT Global
|
-9.83
|
|
GAM Disruptive Growth
|
UT Global
|
-7.29
|
|
Liontrust Global Dividend
|
UT Global Equity Income
|
-7.23
|
|
Janus Henderson Global Technology Leaders
|
UT Technology & Technology Innovation
|
-7.19
|
|
WS Blue Whale Growth
|
UT Global
|
-6.9
|
|
Janus Henderson China Opportunities
|
UT China/Greater China
|
-6.61
|
|
Invesco Global Focus (UK)
|
UT Global
|
-6.52
|
|
FSSA All China
|
UT China/Greater China
|
-6.18
|
|
AXA Framlington Global Technology
|
UT Technology & Technology Innovation
|
-5.99
|
Fund performance 01/07/2024 – 31/07/2024. 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.