What’s Hot: Asia re-emerges
- Within Asia and this table, China dominated, and has done throughout 2017…
- …year to date most funds returns range from 25-45%
- India has had a quiet year by comparison, the Jupiter fund up “only” 19%...
- …but the bounce this month was not unnoticed by us, and we now look for a break upwards
- It is puzzling that Korea should appear, but the markets are always full of such conundrums…
- …don’t lose your focus trying to figure what is going on!
What’s Not: The stutterers and non-starters
- Gold funds sprung into life early in the year, but have been stuttering since, and this was another poor month
- Lots of non-starters from two Virgin funds to infrastructure and Majedie - who is taking the Tortoise label to heart
- Gold will have its day again, once we see sentiment rock solid negative – there are still too many optimists for our liking
- Biotech is one to think about buying when the US market as a whole falls sharply
FURTHER READING
Table 1: What's Hot
Fund
|
Sector
|
Last Month Performance
|
Jupiter India
|
Specialist
|
7.02
|
Baring Korea Trust
|
Specialist
|
6.81
|
Baillie Gifford Greater China
|
China/Greater China
|
6.68
|
Baillie Gifford Pacific
|
Asia Pacific Ex Japan
|
6.68
|
First State Greater China Growth
|
China/Greater China
|
6.67
|
Baring Eastern Trust
|
Asia Pacific Ex Japan
|
6.25
|
Jupiter China
|
China/Greater China
|
6.23
|
Baillie Gifford Emerging Markets Leading Companies
|
GEM
|
5.81
|
Standard Life Investments Global Emerging Markets Equity
|
GEM
|
5.81
|
Standard Life Investments Asian Pacific Growth
|
Asia Pacific Ex Japan
|
5.77
|
Table 2: What's Not
Fund
|
Sector
|
Last Month Performance
|
Investec Global Gold
|
Specialist
|
-2.31
|
Majedie Tortoise
|
Targeted Absolute Return
|
-2.13
|
Old Mutual Woodford Equity Income
|
UK All Companies
|
-1.38
|
Virgin Climate Change
|
Europe Including UK
|
-1.38
|
AXA Framlington Biotech
|
Specialist
|
-1.36
|
Old Mutual Blackrock Gold & General
|
Specialist
|
-1.24
|
BlackRock Gold & General
|
Specialist
|
-1.21
|
Virgin Income
|
Sterling Strategic Bond
|
-1.16
|
Investec Global Energy
|
Specialist
|
-1.03
|
Legg Mason IF RARE Global Infrastructure Income
|
Global Equity Income
|
-0.88
|
Data: 1/10/17-26/10/17