A similar set of tables to last month. The US has continued to press on up while property and absolute return struggle. Overall, it’s a more positive showing this month, with the worst fund down “just” 4.5%.
What’s Hot
- US focussed funds are again prominent taking 5 of the top 10 spots. Four of them have a smaller company focus if you include Baillie Gifford Global Discovery, which has over 60% in the US…
- …while one fund from the main North American sector makes up the rest of the US contingent.
- Japan also has a good showing with the up-and-down Legg Mason fund sitting fourth in the table, just ahead of M&G’s smaller company fund, which makes a return to the Hot list.
- A European and a Latin American fund make up the rest of the top 10…
- …plus one global Value-focussed fund, which seeks out companies the manager believes are cheap without good reason.
What’s Not
- Absolute Return and property make up most of the Not Hot list.
- We had a closer look at Absolute Return last week, see here.
- We wouldn’t expect sparkling returns from Direct Property at the moment, so it’s not a surprise to see them filling the bottom table.
- India also sits in the bottom table. A country with great prospects due to a young population and reform minded leadership, but there are short-term worries over the pandemic response.
FURTHER READING
What's Hot
|
Name
|
Sector
|
Last Month Performance
|
|
JPM US Small Cap Growth
|
North American Smaller Companies
|
18.19
|
|
LF Miton US Smaller Companies
|
North American Smaller Companies
|
17.54
|
|
Baillie Gifford Global Discovery
|
Global
|
17.16
|
|
Legg Mason IF Japan Equity
|
Japan
|
16.13
|
|
Baillie Gifford European
|
Europe Excluding UK
|
16.02
|
|
M&G Japan Smaller Companies
|
Japanese Smaller Companies
|
15.82
|
|
Artemis US Smaller Companies
|
North American Smaller Companies
|
15.74
|
|
Threadneedle Latin America
|
Specialist
|
15.66
|
|
Ninety One Global Special Situations
|
Global
|
15.43
|
|
Morgan Stanley US Advantage
|
North America
|
15.4
|
What's Not
|
Name
|
Sector
|
Last Month Performance
|
|
SJP Alternative Assets
|
Flexible Investment
|
-4.53
|
|
Jupiter India
|
Specialist
|
-3.83
|
|
LF Equity Income
|
UK Equity Income
|
-1.99
|
|
Schroder UK Dynamic Absolute Return
|
Targeted Absolute Rtn
|
-1.87
|
|
Threadneedle UK Property Authorised
|
UK Direct Property
|
-1.26
|
|
Artemis US Absolute Return
|
Targeted Absolute Rtn
|
-1.07
|
|
Premier Defensive Growth
|
Targeted Absolute Rtn
|
-0.95
|
|
TIME Investments ARC TIME Commercial Long Income
|
UK Direct Property
|
-0.71
|
|
Threadneedle UK Absolute Alpha
|
Targeted Absolute Rtn
|
-0.69
|
|
Aberdeen UK Property
|
UK Direct Property
|
-0.68
|