What's Hot, What's Not: Europe and Japan Hot, US Small Caps Not [Fund Edition]

Fri 06 Sep 2024

By Brian Dennehy

Access Level | public

What's Hot What's Not

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What's HotWhat’s Hot

  • Four Japanese funds have enjoyed the big bounce from the early August “flash crash”.
  • Three European funds feature with hopes of a boost from lower interest rates this Autumn.
  • UBS Global Equity Income is interesting.  A small fund, but a global Value fund with 50%+ in the US.
  • The Ruffer Gold fund shows in an otherwise relatively quiet month for gold

 

What’s Not

  • The much publicised switch out of tech into US smaller companies was a trend which was measured in days, not even weeks…
  • Three overt US smallcap funds struggled this month, along with other funds exposed to that sub sector and tech.
  • The other funds are mostly idiosyncratic.
  • Amati Metals is notable as it shows that confidence in some commodities is lacking in the absence of more sustained global growth, particularly more impetus from China

 

What’s Hot

Name

Sector

Last Month’s
Performance %

Invesco Japanese Equity Advantage (UK)

Japan

6.69

FTF Martin Currie Japan Equity

Japan

5.81

WS Ruffer Gold

Specialist

5.07

Baillie Gifford Japanese Smaller Companies

Japan

4.51

CT Japan

Japan

4.08

UBS Global Enhanced Equity Income Sustainable

Global Equity Income                     

3.67

abrdn Europe ex UK Ethical Equity

Europe Excluding UK

3.04

L&G Global Real Estate Dividend Index

Property Other

2.94

Santander Europe Ex UK Equities

Europe Excluding UK

2.88

Vanguard FTSE Developed Europe
ex-UK Equity Index                    

Europe Excluding UK

2.87

 

What’s Not

Name

Sector

Last Month’s
Performance %

FTF Royce US Smaller Companies                    

North American Smaller      
Companies

-6.14   

VT De Lisle America

North America

-6.04

Barings Korea Trust

Specialist

-5.44

Ninety One Global Special Situations

Global

-5.20

WS Amati Strategic Metals

Commodity/Natural Resources

-5.16

CT US Smaller Companies

North American Smaller
Companies

-5.04

Schroder US Smaller Companies

North American Smaller
Companies

-5.01

Liontrust Russia

Specialist

-4.98

Baillie Gifford Global Discovery

Global

-4.82

JOHCM Regnan Global Equity Impact Solutions

Global

-4.81

 

Fund performance 01/08/2024 – 30/08/2024. 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.

 

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What's Hot What's Not

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