What's Hot What's Not: Asia Strength Builds, US Growth Pauses [Sector Edition]

What's Hot

• Asia & Emerging Markets dominate the what's hot list this month as money continues its rotation East.

• Japan leads the pack after a landslide election result early in the month delivering political stability and reform expectations. Markets like clarity.

• More strength across Korea and Taiwan lift the Asia-Pacific region. This is broad regional momentum building.

• A mixed month for precious metals, but oil surges, meaning another good month for the Commodities/Natural Resources sector.

What's Not

• Smaller companies take the top 2 spaces in the duds list with UK Smallers leading the laggards - the only sector with a negative return having had a strong run at the beginning of the year.

• European Smallers struggle to build momentum, with German fiscal stimulus and rearmament plans yet to meaningfully feed through to markets.

• US markets continue to underperform, as money rotates out of expensive growth and tech into more attractively valued regions.

What's Hot

What's Not