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What’s Hot
- 7 of the top 10 funds are overtly UK small cap, or mostly invested into small and medium UK businesses.
- One “metals” fund shows, from Amati. It is only £50-odd million in size, but this gives it flexibility to invest into corners of the metals market where large funds might struggle to get a meaningful exposure, in addition to its 60% exposure to gold miners.
- Two tech funds appear, driven by Nvidia striking upwards again and taking quite a few others with it.
What’s Not
- 7 Asia funds dominate this month’s duds.
- 6 are Japan funds, and Japan was due a breather.
- More surprising is the appearance of a VERY old favourite, M&G Jap Smaller…
- …more on this in the next Friday Note, stay tuned.
- The other Asian fund is Allianz China A Shares…
- …the positive action in recent months has been dominated by Hong Kong (H shares)…
- …and mainland stocks (A shares) have not kept up. One to watch.
What’s Hot
|
Name
|
Sector
|
Last Month’s
Performance %
|
|
FP Octopus UK Micro Cap Growth
|
UK Smaller Companies
|
9.84
|
|
Ninety One UK Smaller Companies
|
UK Smaller Companies
|
9.83
|
|
L&G Global Technology Index Trust
|
Technology & Technology Innovation
|
9.32
|
|
WS Amati UK Listed Smaller Companies
|
UK Smaller Companies
|
9.06
|
|
Liontrust Global Technology
|
Technology & Technology Innovation
|
8.67
|
|
WS Amati Strategic Metals
|
Commodity/Natural Resources
|
8.63
|
|
abrdn UK Value Equity
|
UK All Companies
|
8.57
|
|
Invesco UK Smaller Companies Equity (UK)
|
UK Smaller Companies
|
8.44
|
|
Slater Growth
|
UK All Companies
|
8.24
|
|
Courtiers UK Equity Income
|
UK Equity Income
|
8.07
|
What’s Not
|
Name
|
Sector
|
Last Month’s
Performance %
|
|
Baillie Gifford Japanese Smaller Companies
|
Japan
|
-7.48
|
|
TM Home Investor
|
Property Other
|
-5.51
|
|
M&G Japan Smaller Companies
|
Japan
|
-4.03
|
|
Morgan Stanley US Advantage
|
North America
|
-3.29
|
|
FSSA Japan Focus
|
Japan
|
-3.25
|
|
Allianz China A-Shares Equity
|
China/Greater China
|
-3.17
|
|
FTF Martin Currie Japan Equity
|
Japan
|
-3.15
|
|
Man GLG Japan Core Alpha
|
Japan
|
-2.73
|
|
Liontrust Russia
|
Specialist
|
-2.03
|
|
Jupiter Japan Income
|
Japan
|
-2.00
|
Fund performance 01/05/2024 – 30/05/2024. 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.