What’s Hot? What’s Not: China Recovers, US Stumbles [Sector Edition]

Fri 03 May 2024

By Brian Dennehy

Access Level | public

What's Hot What's Not


“What’s Hot?”What’s Hot

  • China leads the way this month as positive signs for the economy continue… though it’s still early days.
  • The commodity boom continues, driven by top performances from gold funds.
  • India is back on the hot list having led the duds last month.
  • It’s good to see two UK sectors appear in the list this month as value investing continues its resurrection in the UK…
  • …this could be signs for many years to come.


What’s Not

  • Signs of cracks appear in the US market as US small co’s lead the duds with large co’s also appearing on the list this month.
  • Japan takes a breather this month as it follows a sell-off on Wall Street. The yen continued to weaken over the month and some think government intervention to prop up the currency has already begun (though authorities have not confirmed).
  • Two UK Gilt sectors appear in the duds this month as Gilt yields continued to rise. This follows data showing UK businesses are growing at the fastest pace in nearly a year, as well as some hawkish comments from the BoE on interest rates.


What’s Hot


Last Month's Performance %

China/Greater China


Commodity/Natural Resources


India/Indian Subcontinent


UK Smaller Companies


UK Equity Income



What’s Not


Last Month's Performance %

North American Smaller Companies




UK Index Linked Gilts


North America


UK Gilts





What's Hot What's Not


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