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What’s Hot? What’s Not? UK dogs, Korea shines, Japan and China excite

Posted by: Brian Dennehy

 

This month’s “What’s Hot? What’s Not?” is a very clear-cut picture (with one notable exception) – Asia on the up, UK in the doghouse. 

What’s Hot? 

  • Korea, China and Japan all shine this month.
  • Our Trade of the Decade (Japanese Smaller Companies) had a strong month, joined by two other Japan funds
  • Four China funds also feature
  • A (small) global equity fund also shows, with a tech and Asia bias
  • PLUS a Targeted Absolute Return fund as a Korean bed-fellow.  Further evidence of the inherent confusion and dangers of this sector

What’s Not?

  • The UK is unloved this month, with all sectors featuring.
  • UK All Companies makes up the bulk of the bottom list…
  • …along with a sprinkling of Smaller Companies funds and one Equity Income fund.
  • Property doesn’t escape.  Henderson’s fund is settling into an unfortunate rhythm, swinging the price as some City “remainders” persist in trying to sell

FURTHER READING

 

Table 1: What's Hot?

Name

Sector

Last Month Performance

Argonaut FP Argonaut Absolute Return

 Targeted Absolute Return

9.18

Baring Korea Trust

 Specialist

7.23

Baillie Gifford Japanese Smaller Companies

 Japanese Smaller Companies

7.21

Legg Mason IF Japan Equity

 Japan

6.77

JPM Japan

 Japan

6.19

Baillie Gifford Greater China

 China/Greater China

5.91

Kames Global Equity

 Global

5.14

Henderson China Opportunities

 China/Greater China

5.00

Baillie Gifford Pacific

 Asia Pacific Excluding Japan

4.99

Threadneedle China Opportunities

 China/Greater China

4.96

 

Table 2: What's Not?

Name

Sector

Last Month Performance

Halifax Smaller Companies

 UK Smaller Companies

-5.18

Old Mutual Woodford Equity Income

 UK All Companies

-4.56

Neptune UK Mid Cap

 UK All Companies

-4.39

Aberdeen UK Smaller Companies Equity

 UK Smaller Companies

-4.14

L&G UK Alpha Trust

 UK All Companies

-4.11

Henderson UK Property PAIF

 Property

-4.05

Invesco Perpetual UK Focus

 UK All Companies

-3.89

Schroder UK Dynamic Smaller Companies

 UK Smaller Companies

-3.79

Invesco Perpetual UK Growth

 UK All Companies

-3.54

Threadneedle UK Equity Alpha Income

 UK Equity Income

-3.35

 

Performance date: 1/11/17-27/11/17
Topic: Market commentary


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