[Sector Edition] What’s Hot? China Hot, Gilts Not

Fri 06 Jan 2023

By James Newstead

Access Level | public

What's Hot What's Not


hot notWhat’s Hot

  • Unsurprisingly, given the top funds for the month, China leads the way for December’s top sectors, up 4.77%.
  • Despite the back-to-back months as a top sector, be wary that the situation in China can rapidly change overnight, having Stop-Losses could be crucial.
  • Emerging market bonds dominate the other top spots. Despite the tough landscape for most bonds, many EM’s are beginning to look more attractive as a result of China’s re-opening, and continue to benefit from shifts in supply chains, technology imports, commodities and tourism.

What’s Not

  • Index linked gilts continued to struggle after a torrid year, in December alone they were down -6.44%.
  • The US dominated Technology and Technology Innovations sector takes second place, down -5.97% and the tech-heavy Nasdaq index ended 2022 down over 33% for the year.
  • India also struggled in December, after a strong autumn, and a recent guest blog from the Schroder’s team gives an honest long-term outlook for the Indian market – it isn’t for the faint hearted!

What’s Hot


Last Month's Performance %

IA China/Greater China


IA Global EM Bonds Local Currency


IA EUR High Yield Bond


IA Global EM Bonds Blended


IA Global EM Bonds Hard Currency



What’s Not


Last Month's Performance %

IA UK Index Linked Gilts


IA Technology and Technology Innovations


IA UK Gilts


IA North American Smaller Companies


IA India/Indian Subcontinent


Performance 01/12/2022 – 31/12/2022

All performance figures quoted as total return in GBP




What's Hot What's Not


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