What’s Hot
· Three UK funds feature.
· One from Lindsell Train, which is a decent size (£800m+) but is highly concentrated (21 stocks).
· The other two are very small.
· All have benefited from a recovery in UK mid caps.
· Five are in energy and infrastructure.
· Energy keeps edging up, and the continuing uncertainty in the Near East obviously helps.
· Infrastructure is recovering from a sharp correction across the Summer.
· Be careful with global funds, particularly as most have a heavy US exposure.
What's Hot
Name | Sector | Last Month's Performance % |
|---|
WS Lindsell Train UK Equity | UK All Companies | 12.21 |
Ninety One UK Franchise | UK All Companies | 9.25 |
Lazard Global Listed Infrastructure Equity | Infrastructure | 9.14 |
Schroder ISF Global Energy | Global | 9.09 |
IFSL Evenlode Global Equity | Global | 8.90 |
VT Castlebay UK Equity | UK All Companies | 8.82 |
GS North America Energy & Energy Infrastructure Equity Portfolio | Specialist | 8.74 |
BlackRock BGF World Energy | Commodity/Natural Resources | 8.73 |
IFSL Evenlode Global Income | Global Equity Income | 8.71 |
abrdn Global Infrastructure Equity Tracker | Infrastructure | 8.24 |
What’s Not
· Korea has hit 7 of the 10 dud funds.
· These funds remain at the mercy of just two giant companies which dominate the Korean stock market.
· And these companies are at the mercy of the AI tech cycle, which is continuing cause for concern.
· Polar Capital were hit by this negative trend across a number of funds.
What's Not
Name | Sector | Last Month's Performance % |
|---|
Barings Korea Trust | Specialist | -15.57 |
Amundi Global Memory Chips | Technology & Technology Innovation | -15.08 |
JPM Korea Equity Fund | Specialist | -14.61 |
Polar Capital Smart Energy | Specialist | -13.87 |
Polar Asian Stars | Asia Pacific Excluding Japan | -12.64 |
Polar Capital Global Technology | Technology & Technology Innovation | -12.61 |
WS Blue Whale Growth | Global | -12.34 |
Polar Emerging Market Stars | Global Emerging Markets | -12.26 |
Carmignac Portfolio Asia Discovery | Global Emerging Markets | -11.83 |
LO Asia High Conviction | Asia Pacific Excluding Japan | -11.79 |
Fund performance 01/10/2026 – 29/10/2026. 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.