What’s Hot? What’s Not? America Trumps; Gold Slumps

Fri 02 Dec 2016

By Sam Lees

Access Level | public

What's Hot What's Not

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What’s Hot?

  • American funds (both Smaller Companies and American sectors) dominate the Hot list with 8 funds. American companies benefitted from investors’ faith in Trump’s “America first” mantra...
  • ...while Biotech benefitted from a “not Hillary” bounce
  • Neptune Japan Opportunities makes a return to the Hot list thanks in part to yen weakness over the month.

What’s Not?

  • The likelihood of a reflationary environment in the world's largest economy pushed Gold and Natural Resources funds down.
  • And Latin American funds with exposure to those sectors were under pressure...
  • ...while Mexican exposure was also a drain on performance.  Trump’s campaign pledges to renegotiate NAFTA and build a wall along the Mexican worried investors.
  • India has suffered thanks to the Trump rally, and its impact on emerging markets, plus Modi's corruption crackdown...
  • ...while one Japan equity fund makes it into the Not Hot list (showing how Neptune's currency hedge has worked over the month). 
FURTHER READING
 
 
 
Table 1: What's Hot?

Manager

Fund

Sector

Last Month Performance

Legg Mason IF Royce

 US Smaller Companies

 North Am Smaller Cos.

10.32

F&C

 US Smaller Companies

 North Am Smaller Cos.

7.87

AXA-Framlington

 Biotech

 Specialist

7.25

Investec

 American

 North America

7.04

Schroder

 US Smaller Companies

 North Am Smaller Cos.

6.97

JPM

 US Smaller Companies

 North Am Smaller Cos.

6.46

Neptune

 Japan Opportunities

 Japan

5.97

GAM

 North American Growth

 North America

5.72

Aviva Inv

 US Equity Income

 North America

5.23

Threadneedle

 Am Smaller Companies

 North Am Smaller Cos.

5.01

 
Table 2: What's Not?

Manager

Fund

Sector

Last Month Performance

BlackRock

 Gold & General

 Specialist

-16.27

Old Mutual

 Blackrock Gold & General

 Specialist

-16.02

Investec

 Global Gold

 Specialist

-15.86

Invesco Perpetual

 Latin American

 Specialist

-14.36

Aberdeen

 Latin American Equity

 Specialist

-13.93

Threadneedle

 Latin American

 Specialist

-13.81

CF Ruffer

 Gold

 Specialist

-12.17

Stewart Investors

 Latin America

 Specialist

-11.96

Legg Mason IF

 Japan Equity

 Japan

-11.87

Jupiter

 India

 Specialist

-11.84

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What's Hot What's Not

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