Funds Update - What's Hot? What's Not?
Posted by: Brian Dennehy
An exciting month on 'What's Hot, What's Not?'. Risk is hot while gold certainly is not!
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Japan remains the land of the rising funds....
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with Legg Mason - Japan Equity leading the charge, up over 80% in 1 year
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The Fed's taper turn-around saw risk assets rally....
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especially in global emerging markets, which was the top performing sector outside of Japan
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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
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Government bonds funds make an appearance (M&G International Sovereign Bond)...
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although all the loss was made before the Fed surprised the markets. Since then performance has been flat.
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Some commentators were quick to highlight gold's bounce in the immediate aftermath of the Fed's taper turn-around...
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but now they've now gone quiet as gold funds have typically fallen over 10% since
HOT
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Fund Name
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1 month performance
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Legg Mason - Japan Equity
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15.23
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Neptune - Japan Opportunities
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14.26
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Invesco Perp - Japanese Smaller Companies
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10.45
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JPM - Japan
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9.79
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Baillie Gifford - Japanese Smaller Companies
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9.32
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MFM - Techinvest Technology
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9.07
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CF - Miton UK Smaller Companies
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8.82
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Allianz - Brazil
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8.78
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Aberdeen - Latin American Equity
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8.66
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Invesco Perp - Japan in GB
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8.3
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NOT
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Fund Name
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1 month performance
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M&G - International Sovereign Bond
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-3.57
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Baring - Themed Fixed Income
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-3.62
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Marlborough - ETF Commodity
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-5.65
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Investec - Global Gold
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-10.97
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Smith & Williamson - Global Gold & Resources
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-12.06
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BlackRock - Gold & General
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-12.65
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Old Mutual - Blackrock Gold & General
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-12.88
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CF Ruffer - Baker Steel Gold
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-13.43
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MFM - Junior Gold
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-16.61
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WAY - Charteris Gold Portfolio
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-18.38
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