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Funds Update - What's Hot? What's Not?

Posted by: Brian Dennehy
Membership level: Free

The tables below show the best and worst performing funds over the last month. The key facts are:

Looking first at “What’s Hot”

  • It is obviously encouraging that the Absolute Return sector features in “What’s Hot” (as much of the sector struggled badly on the downside in 2008/9)
  • The Cazenove fund is noteworthy as it is trending up again (despite weakness in equities and bonds generally)
  • More surprisingly, UK smaller companies are holding up well versus the wider market, with Schroder UK Smaller being the star, barely dented
  • The motley property selection (of the bricks and mortar variety) are quietly, and unexcitingly, ploughing their furrow

Turning to “What’s Not”

  • Brazil is in the headlines and propping up this table
  • In fact Brazil peaked back in late 2010…
  • …and the new break lower feels like an opportunity (at least for monthly savers/investors)
  • The fall in gold and gold mining shares is unrelenting
  • We still believe there is another 25% downside in the gold price…
  • …but will gold mining shares stabilize earlier, perhaps on M&A?
  • These gold funds remain outstanding choices for monthly savers
  • The Indian stock market has been hit in the wake of the Fed announcement on tapering
  • The latter triggered selling by foreigners (as in emerging markets generally), and a weaker currency…
  • …so a double-whammy for funds like Jupiter India (and an opportunity for longer term investors to accumulate)

And finally:

  • HERE is Trigger's Tip of the Month (the office pooch).

Best (What's HOT)

Fund

1m Performance

Cazenove Absolute UK Dynamic

1.81

CF Odey UK Absolute Return

1.73

BlackRock European Absolute Alpha

1.48

Schroder UK Smaller Companies

1.24

Kames UK Equity Absolute Return

0.98

Cazenove UK Absolute Target

0.80

SJP Property

0.64

F&C UK Property

0.57

Ignis UK Property

0.54

Threadneedle UK Property

0.52

 

Worst (What's NOT?)

Fund

1m Performance

Allianz Brazil

-21.59

CF Ruffer Baker Steel Gold

-21.39

Scot Wid Latin American

-19.22

Martin Currie Latin America

-19.18

Aberdeen Latin American Equity

-18.88

Threadneedle Latin American

-18.61

Investec Global Gold

-17.82

MFM Junior Gold

-17.69

BlackRock Gold & General

-17.64

Jupiter India

-17.47

Further Reading

Topic: Fund analysis


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