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

Posted by: Brian Dennehy
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Membership level: Free

An exciting month on 'What's Hot, What's Not?'. Risk is hot while gold certainly is not!

  • Japan remains the land of the rising funds....
  • with Legg Mason - Japan Equity leading the charge, up over 80% in 1 year
  • The Fed's taper turn-around saw risk assets rally....
  • especially in global emerging markets, which was the top performing sector outside of Japan
  • The strongest rebound being in Latin America, with Allianz Brazil up 8.78%

In contrast 'What's NOT' is dominated by gold funds taking a battering

  • Government bonds funds make an appearance (M&G International Sovereign Bond)...
  • although all the loss was made before the Fed surprised the markets. Since then performance has been flat.
  • Some commentators were quick to highlight gold's bounce in the immediate aftermath of the Fed's taper turn-around...
  • but now they've now gone quiet as gold funds have typically fallen over 10% since

HOT

Fund Name

1 month performance

Legg Mason - Japan Equity

15.23

Neptune - Japan Opportunities

14.26

Invesco Perp - Japanese Smaller Companies

10.45

JPM - Japan

9.79

Baillie Gifford - Japanese Smaller Companies

9.32

MFM - Techinvest Technology

9.07

CF - Miton UK Smaller Companies

8.82

Allianz - Brazil

8.78

Aberdeen - Latin American Equity

8.66

Invesco Perp - Japan in GB

8.3

NOT

Fund Name

1 month performance

M&G - International Sovereign Bond

-3.57

Baring - Themed Fixed Income

-3.62

Marlborough - ETF Commodity

-5.65

Investec - Global Gold

-10.97

Smith & Williamson - Global Gold & Resources

-12.06

BlackRock - Gold & General

-12.65

Old Mutual - Blackrock Gold & General

-12.88

CF Ruffer - Baker Steel Gold

-13.43

MFM - Junior Gold

-16.61

WAY - Charteris Gold Portfolio

-18.38

Topic: Fund analysis


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