What’s Hot, What’s Not: UK Dominates Winners, Tech Big Losers [Fund Edition]

Fri 07 Aug 2026

By Brian Dennehy

Access Level | public

What's Hot What's Not

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What’s Hot

·         Energy has three features, reflecting a series of Trump TACO’s.

·         Five domestically focussed UK funds up 8-9% is a rare feature in recent times…

·         …this is a clear turn for the better in UK “Value”.

·         Only one each from China and Japan reflects the very polarised performances within these sectors.

 

What’s Not

·         Tech funds generally were hit…

·         …plus a range of Asian funds exposed to tech/AI.

·         This accounts for all 10 funds, down 17-22%.

·         Note that it even includes an Invesco fund called “Consumer Trends”…

·         …but which is effectively a closet tech/AI fund.

What’s Hot

Name

Sector

Last Month's Performance

WS Guinness Global Energy

Commodity/Natural Resources

11.84

Amundi MSCI China ESG Selection

China/Greater China

10.86

BNY Mellon UK Income

UK Equity Income

9.51

BlackRock BGF World Energy

Commodity/Natural Resources

9.21

Schroder UK Mid 250

UK All Companies

9.02

Man Japan Core Alpha

Japan

8.84

FTF ClearBridge UK Mid Cap

UK All Companies

8.75

Amundi Global BioEnergy

Specialist

8.59

Thesis TM Brickwood UK Value

UK All Companies

8.27

Barclays GlobalAccess UK Opportunities

UK All Companies

8.12

What’s Not

Name

Sector

Last Month's Performance

Matthews China Innovators

China/Greater China

-22.69

Barings Korea Trust

Specialist

-22.54

JPM Korea Equity Fund

Specialist

-21.13

Polar Capital Smart Energy

Specialist

-20.33

JSS Equity All China

China/Greater China

-19.98

Allianz Little Dragons

Asia Pacific Excluding Japan

-19.65

WS Blue Whale Growth

Global

-18.02

Neuberger Next Generation Connectivity

Specialist

-17.85

Polar Capital Global Technology

Technology & Technology Innovation

-17.84

Invesco Global Consumer Trends

Global

-17.37

Fund performance 01/07/2026 – 31/07/2026. 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.

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What's Hot What's Not

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