What’s Hot
· 7 of the top 10 are gold and silver, or heavily in one or both
· Korea also continued with its 2025 momentum
· The appearance of one UK small cap fund is encouraging, but, as yet, it is isolated
What’s Not
· India holds up the duds, with the worst of three funds edging up towards 10% losses
· Most of the remaining funds have an emphasis on US and Growth/Tech…
· …though a Value and equity income fund also show, unexpectedly…
· This shows why fund selection within a sector or theme remains extremely important
What’s Hot
Name | Sector | Last Month’s Performance % |
|---|
Tutman FS SVS Baker Steel Gold & Precious Metals | Specialist | 23.95 |
Barings Korea Trust | Specialist | 23.43 |
WS Amati Strategic Metals | Commodity/Natural Resources | 22.58 |
Ninety One Global Gold | Specialist | 21.85 |
BlackRock Gold & General | Specialist | 21.72 |
Tutman FS SVS Baker Steel Electrum | Commodity/Natural Resources | 20.05 |
WS Ruffer Gold | Specialist | 18.68 |
Premier Miton UK Smaller Companies | UK Smaller Companies | 17.79 |
VT Price Value Portfolio | Flexible Investment | 14.70 |
BlackRock ACS Asia Pacific ex Japan ESG Insights Equity | Asia Pacific Excluding Japan | 14.35 |
What’s Not
Name | Sector | Last Month’s Performance % |
|---|
Stewart Investors Indian Subcontinent All Cap | India/Indian Subcontinent | -9.30 |
Jupiter India | India/Indian Subcontinent | -8.39 |
Liontrust India | India/Indian Subcontinent | -6.85 |
Yealand Fund Services Limited Electric & General Investment | Global | -6.32 |
Baillie Gifford American | North America | -4.29 |
IFSL Evenlode Global Equity | Global | -3.84 |
Morgan Stanley Global Brands | Global | -3.37 |
CG CG River Road US Large Cap Value Select | North America | -3.27 |
AXA Framlington American Growth | North America | -2.97 |
IFSL Evenlode Global Income | Global Equity Income | -2.91 |
Fund performance 01/01/2026 – 29/01/2026. 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.