What's Hot? What's Not? Emerging markets motor, Woodford wilts

Fri 28 Jul 2017

By Brian Dennehy

Access Level | public

What's Hot What's Not

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Looing first at the hot funds and sectors:

  • Emerging markets is one of the star sectors in 2017 and continued to motor in July.  
  • Commodity-linked funds have struggled this year, though showed signs of life in recent weeks.  
  • Last but not least the Old Mutual UK Smaller Companies fund has a showing – it’s been a great year for this fund, continuing to undermine those inclined to believe the post-Brexit world is a cliff edge for the UK.

Turning to the laggards, some cautious investors will be sorely disappointed:

  • Two Absolute Return again feature amongst the laggards.
  • Ruffer Gold fund shows that not all commodities glistened this month.  
  • Those who think that investor salvation will come through infrastructure investment have received a rude shock as VT UK Infrastructure slumped….
  • …As did other usually more reliable stalwarts – index-linked gilts, short dated bonds, and “blue chip” equities.
  • And Neil Woodford has capped a poor year with another underwhelming month.
FURTHER READING
 

 

Table 1: What's Hot?

 

Manager

Fund

Sector

Last Month Performance

Baillie Gifford

 Emerging Markets Growth

 Global Emerging Markets

7.96

Baillie Gifford

 Emerging Markets Leading Cos.

 Global Emerging Markets

7.94

JPM

 Natural Resources

 Specialist

7.35

UBS

 Global Emerging Markets Equity

 Global Emerging Markets

7.09

First State

 Global Resources

 Global

6.92

Threadneedle

 Latin America

 Specialist

6.67

Aberdeen

 Latin American Equity

 Specialist

6.56

Invesco Perpetual

 Latin American

 Specialist

6.35

Old Mutual

 UK Smaller Companies

 UK Smaller Cos.

6.25

SLI

 Global Emerging Markets Equity

 Global Emerging Markets

6.07

 

Table 2: What's Not?

Manager

Fund

Sector

Last Month Performance

City Financial

 Absolute Equity

 Targeted Absolute Rtn

-3.67

Thesis

 TM Sanditon UK Select

 Targeted Absolute Rtn

-2.38

CF Ruffer

 Gold

 Specialist

-2.08

VT

 UK Infrastructure Income

 Specialist

-1.93

CF

 Woodford Equity Income

 UK Equity Income

-1.73

Rathbone

 Blue Chip Income and Growth

 UK Equity Income

-1.62

SJP

 UK High Income

 UK Equity Income

-1.44

M&G

 Short Dated Corporate Bond

 Sterling Corporate Bond

-1.36

L&G

 Global Health & Pharma Index Trust

 Global

-1.33

Vanguard

 UK Inflation Linked Gilt Index

 UK Index Linked Gilts

-1.23

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What's Hot What's Not

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