Blog View Page

What’s Hot? What’s Not? Asia re-emerges, China keeps motoring

Posted by: Brian Dennehy
Membership level: Free

 

It feels as if normal service has resumed, with India and China, plus Asia and emerging markets generally, reclaiming the Top 10 which they have dominated for much of this year.  Gold, energy, biotech and infrastructure feature at the bottom.

What’s Hot:  Asia re-emerges

  • Within Asia and this table, China dominated, and has done throughout 2017…
  • …year to date most funds returns range from 25-45%
  • India has had a quiet year by comparison, the Jupiter fund up “only” 19%...
  • …but the bounce this month was not unnoticed by us, and we now look for a break upwards
  • It is puzzling that Korea should appear, but the markets are always full of such conundrums…
  • …don’t lose your focus trying to figure what is going on!

What’s Not:  The stutterers and non-starters

  • Gold funds sprung into life early in the year, but have been stuttering since, and this was another poor month
  • Lots of non-starters from two Virgin funds to infrastructure and Majedie - who is taking the Tortoise label to heart
  • Gold will have its day again, once we see sentiment rock solid negative – there are still too many optimists for our liking
  • Biotech is one to think about buying when the US market as a whole falls sharply

FURTHER READING

 

Table 1: What's Hot

Fund

Sector

Last Month Performance

Jupiter India

 Specialist

7.02

Baring Korea Trust

 Specialist

6.81

Baillie Gifford Greater China

 China/Greater China

6.68

Baillie Gifford Pacific

 Asia Pacific Ex Japan

6.68

First State Greater China Growth

 China/Greater China

6.67

Baring Eastern Trust

 Asia Pacific Ex Japan

6.25

Jupiter China

 China/Greater China

6.23

Baillie Gifford Emerging Markets Leading Companies

 GEM

5.81

Standard Life Investments Global Emerging Markets Equity

 GEM

5.81

Standard Life Investments Asian Pacific Growth

 Asia Pacific Ex Japan

5.77

 

Table 2: What's Not

Fund

Sector

Last Month Performance

Investec Global Gold

 Specialist

-2.31

Majedie Tortoise

 Targeted Absolute Return

-2.13

Old Mutual Woodford Equity Income

 UK All Companies

-1.38

Virgin Climate Change

 Europe Including UK

-1.38

AXA Framlington Biotech

 Specialist

-1.36

Old Mutual Blackrock Gold & General

 Specialist

-1.24

BlackRock Gold & General

 Specialist

-1.21

Virgin Income

 Sterling Strategic Bond

-1.16

Investec Global Energy

 Specialist

-1.03

Legg Mason IF RARE Global Infrastructure Income

 Global Equity Income

-0.88

 

Data: 1/10/17-26/10/17

Topic: Market commentary


Comments

Would you like to leave a comment?

Register with FundExpert or Log-in

Artemis 2019

FundExpert on Twitter Twitter

Archive