[Fund Edition] What’s Hot, What’s Not: China Hot, Commodities Not.

Fri 01 Jul 2022

By Ruairi Dennehy

Membership Access | free

What's Hot What's Not

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Chinese funds dominate the top performers in June, taking all 10 spots. On the flipside, Latin America and Commodities dominate last month's duds.

What's Hot What's Not image

What’s Hot

  • China remarkably takes all 10 Hotspots in June’s review
  • June saw a revival in Chinese equities following months of poor performance due to heightened external and internal political risks, as well as faltering investor confidence
  • Year to date the wider Chinese sector is still down nearly 4%...
  • …though this may just be the start of a longer Chinese recovery
     

What’s Not

  • Many commodity-based funds have seen a sell-off after drastic gains in the last 6 months
  • Funds with a commodity focus take up 7 of the bottom 10 funds (including those Latin America funds)
  • A sole UK fund, Jupiter UK Mid Cap, takes 10th spot. A fund which has coincidentally risen right near the top of our 2022 Vintage update, more on that next week.
  • An “inflation linked fund” features as well, which does beg the question whether these funds work at all. See our recent blog - “Index-Linked Bonds – An Inflation Hedge?” for more on inflation linking.

 

What’s Hot

Name

Sector

Last Month
Performance %

Matthews China

IA China/Greater China

17.45

Templeton China 

IA China/Greater China

15.49

Baillie Gifford China

IA China/Greater China

15.18

Aberdeen Standard SICAV I All China
Sustainable Equity

IA China/Greater China

13.02

Abrdn Std SCV II-SLI China Equities

IA China/Greater China

12.78

FSSA All China

IA China/Greater China

12.43

GAM Star China Equity

IA China/Greater China

12.36

Fidelity China Consumer

IA China/Greater China

12.02

Allianz China A-Shares Equity

IA China/Greater China

11.93

Allianz China A-Shares

IA China/Greater China

11.57

 

What’s Not

Name

Sector

Last Month
Performance %

BlackRock BGF World Mining 

IA Commodity/Natural Resources

-17.43

JPM Brazil Equity

IA Specialist

-17.03

Pimco GIS MLP & Energy Infrastructure

IA Specialist

-16.88

HSBC GIF Brazil Equity

IA Specialist

-16.55

BlackRock GF Latin American

IA Latin America

-14.94

BMO Overseas Equity-Linked UK Inflation

IA Specialist

-14.82

JPM Korea Equity Fund

IA Specialist

-14.73

Fidelity Latin America 

IA Specialist

-14.68

Schroder ISF Global Energy

IA Global

-14.62

Jupiter UK Mid Cap

IA UK All Companies

-14.30

Fund performance 01/06/2022 – 30/06/2022. Funds <50m in size and ETF’s excluded from the above research.

 

NOTE

We do this blog to simply highlight short term trends. These are not recommendations.

 

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What's Hot What's Not

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