What's Hot, What's Not: UK Small Caps thrive, Japan skives

Fri 08 Jan 2021

By Ben Debney

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Fund analysis

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A Brexit trade deal and approval of the Oxford vaccine allowed UK Small Cap funds to take centre stage in December. Meanwhile a few Japanese funds have had a blip.

Thumbs up Thumbs downWhat’s Hot

  • 60% of Top 10 spots are funds from UK Smaller Companies. This includes Premier Miton UK Smaller Companies and two Marlborough funds: Nano Cap Growth and Micro Cap Growth.
  • The current fund in our Jan/Jul Bonkers 6-Month portfolio, Guinness Sustainable Energy, sits in fourth place. This fund has 20% of its holdings in Tech, Media & Telecoms, and 17% in Basic Materials.
  • Alongside a Chinese and a Global Emerging Market fund, there is the precious metals fund Merian Gold and Silver from the Specialist sector.

 

What’s Not

  • Three Japan funds sit in the Bottom 10, namely Legg Mason IF Japan Equity and Baillie Gifford Japanese Smaller Companies. Despite a poor showing last month, the longer term performance of these funds is impressive.
  • There are a couple of Targeted Absolute Return funds, these being Wellington Global Total Return and Veritas Global Real Return.
  • Making up the remainder of the Bottom 10 is a real mixture of funds, including property, infrastructure and global bond funds. 

 

What's Hot

Name

Sector

Last Month
Performance %

Premier Miton UK Smaller Companies

UK Smaller Companies

15.67

Marlborough Nano Cap Growth

UK Smaller Companies

15.16

New Capital China Equity

China/Greater China

13.2

Guinness Sustainable Energy

Global

11.53

Merian Gold And Silver

Specialist

11.44

FP Octopus UK Micro Cap Growth

UK Smaller Companies

11.18

PGIM Jennison Emerging Markets Equity

Global Emerging Markets

10.79

Ninety One UK Smaller Companies

UK Smaller Companies

10.21

Marlborough UK Micro Cap Growth

UK Smaller Companies

10.15

TB Amati UK Smaller Companies

UK Smaller Companies

10.02

Performance 01/12/2020-31/12/2020

 

What's Not

Name

Sector

Last Month
Performance %

Legg Mason IF Japan Equity

Japan

-4.27

Baillie Gifford Japanese Smaller Companies

Japanese Smaller Companies

-4.01

L&G Global Infrastructure Index

Global

-2.73

GAM Star Japan Leaders

Japan

-2.55

Wellington Global Total Return

Targeted Absolute Return

-2.53

Fidelity China Focus

China/Greater China

-2.43

Fidelity Global Infrastructure

Global Equity Income

-2.42

Veritas Global Real Return

Targeted Absolute Return

-2.26

Threadneedle Dollar Bond

Global Bonds

-2.24

NB US Real Estate Securities

Property Other

-2.20

Performance 01/12/2020-31/12/2020

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