What’s Hot
- China dominates the top spots, particularly large cap funds as sentiment improves and the government continues to ramp up stimulus efforts.
- As often happens, China’s strength lifts the wider region with Man Asia Equity fund (+35% China exposure) and Redwheel Global EM (+32% China exposure) benefitting.
- Europe makes an appearance with two mid-cap, value style funds as Germany, Italy and Spain among others have all enjoyed a strong start to 2025.
What’s Not
- The US takes a hit with 6 out of the 10 worst performers over the month. US smallers have fared worse than their large cap peers as risk appetite shifts away from small caps.
- It’s no surprise then to see Baillie Gifford Global Discovery in the dud list too given its small cap focus and 67% exposure to the US.
- India remains under pressure, facing another tough month as foreign money continues to flow out, dragging down major Indian funds which once again feature among the worst performers.
What’s Hot
|
Name
|
Sector
|
Last Month’s
Performance %
|
|
Janus Henderson China Opportunities
|
China/Greater China
|
13.15
|
|
Baillie Gifford China
|
China/Greater China
|
12.61
|
|
Jupiter China
|
China/Greater China
|
11.04
|
|
Invesco China Equity (UK)
|
China/Greater China
|
10.62
|
|
Man Asia (ex Japan) Equity Fund
|
Asia Pacific Excluding Japan
|
7.29
|
|
Liontrust Russia
|
Specialist
|
6.81
|
|
FSSA Greater China Growth
|
China/Greater China
|
6.42
|
|
Artemis SmartGARP European Equity
|
Europe Excluding UK
|
4.55
|
|
TM Redwheel Global Emerging Markets Fund
|
Global Emerging Markets
|
4.50
|
|
WS Ardtur Continental European
|
Europe Excluding UK
|
4.48
|
What’s Not
|
Name
|
Sector
|
Last Month’s
Performance %
|
|
Artemis US Smaller Companies
|
North American Smaller Companies
|
-12.81
|
|
Stewart Investors Indian Subcontinent All Cap
|
India/Indian Subcontinent
|
-11.06
|
|
abrdn North American Small & Mid-Cap Equity
|
North American Smaller Companies
|
-10.63
|
|
CT American Smaller Companies (US)
|
North American Smaller Companies
|
-9.35
|
|
VT De Lisle America
|
North America
|
-8.81
|
|
Baillie Gifford Global Discovery
|
Global
|
-8.78
|
|
Liontrust India
|
India/Indian Subcontinent
|
-8.50
|
|
Jupiter India
|
India/Indian Subcontinent
|
-7.85
|
|
CT US Smaller Companies
|
North American Smaller Companies
|
-7.77
|
|
Schroder US Mid Cap
|
North America
|
-7.74
|
Fund performance 01/02/2025 – 28/02/2025. Funds <50m in size and ETFs excluded from the above research.
NOTE
We do this blog to simply highlight short term trends. These are not recommendations.