What’s Hot
• A great month for gold miners pulled the commodity sector up sharply.
• The small health and financials sectors were driven by hopes for product breakthroughs and fat profits respectively.
• Tech had a decent if unexciting month.
• Asia ex Japan is the only mainstream sector feature helped by both AI/tech and Value opportunities.
What’s Not
• Two interest-rate sensitive sectors are bottom of the pile, Commodities and Healthcare…
• …but nothing terrible.
• Similarly USD Corporate Bond.
• Latin America drifted, not even helped by commodities.
• China also drifted, and as we write we await news from the latest National People’s Congress Standing Committee meeting on 28th August.
What’s Hot
Name | Last Month's Performance % |
|---|
Commodity/Natural Resources | 9.01 |
Healthcare and Biotechnology | 6.94 |
Financials and Financial Innovation | 3.09 |
Technology & Technology Innovation | 2.98 |
Asia Pacific Excluding Japan | 2.52 |
What’s Not
Name | Last Month's Performance % |
|---|
Listed Property | -1.75 |
Infrastructure | -1.13 |
Latin America | -1.08 |
China/Greater China | -0.87 |
USD Corporate Bond | -0.43 |