.png)
What’s Hot
- Only two funds are branded as tech…
- …but all of the other funds, but for Europe and China, have a heavy technology emphasis.
- The European fund has a Growth-bias e.g. expensive consumer brands.
- The China fund is at the forefront of a quiet bounce across many such funds…
- …It is early days, but if the multi-year Chinese low is behind us, there is considerable potential in the years ahead…
- We’ll keep an eye on China in coming weeks.
What’s Not
- There are not many Gold funds in total, but three of them prop up the duds table…
- …The gold price is holding relatively steady, but these gold mining are being shunned…
- …Such a disconnect is often an opportunity.
- Six property funds across the UK and Europe highlight growing investor concern over the timing and extent of rate cuts to rescue this raggedy sector.
- The UK smaller company fund is merely the worst in a sector which is cheap but still struggling to make ground.
What’s Hot
|
Name
|
Sector
|
Last Month’s
Performance %
|
|
Liontrust Global Technology
|
Technology & Technology Innovation
|
11.30
|
|
Morgan Stanley US Advantage
|
North America
|
10.27
|
|
Man GLG Continental European Growth
|
Europe Excluding UK
|
9.52
|
|
Liontrust Global Innovation
|
Global
|
8.96
|
|
WS Blue Whale Growth
|
Global
|
8.76
|
|
FSSA All China
|
China/Greater China
|
8.25
|
|
Invesco Global Focus (UK)
|
Global
|
8.19
|
|
Baillie Gifford American
|
North America
|
8.13
|
|
Artemis US Extended Alpha
|
North America
|
7.78
|
|
Artemis US Smaller Companies
|
North American Smaller Companies
|
7.78
|
What’s Not
|
Name
|
Sector
|
Last Month’s
Performance %
|
|
Ninety One Global Gold
|
Specialist
|
-9.45
|
|
WS Ruffer Gold
|
Specialist
|
-7.45
|
|
BlackRock Gold & General
|
Specialist
|
-6.77
|
|
abrdn European Real Estate Share
|
Property Other
|
-6.54
|
|
Premier Miton Pan EuropeanProperty
Share
|
Property Other
|
-6.47
|
|
abrdn UK Real Estate Share
|
Property Other
|
-6.21
|
|
VT Gravis UK Listed Property (PAIF)
|
Property Other
|
-5.73
|
|
CT Property Growth & Income
|
Property Other
|
-4.26
|
|
Ninety One UK Smaller Companies
|
UK Smaller Companies
|
-4.07
|
|
FP Foresight Sustainable Real Estate
Securities
|
Property Other
|
-3.83
|
Fund performance 01/02/2024 – 29/02/2024. 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.