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What’s Hot, What’s Not: Energy soaring…again, Gold and Latin America dominate the duds…again

Posted by: Ruairi Dennehy
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A variety of funds make up the top 10, dominated by energy funds with a tickle of global equities. For the second month in a row, precious metals and Latin America are the laggards.
 
What’s Hot
  • The top fund is rather unsurprisingly an energy fund, the Schroder ISF Global Energy fund, up 17.79%
  • Energy and commodities dominate the top performers, albeit from an array of different sectors
  • A supposedly low risk absolute return fund is the anomaly in an otherwise fairly high risk table – LF Brook Absolute Return (more on this eclectic sector HERE)
  • HSBC Russia, with over 35% of the fund in energy, has benefited from rising oil prices
  • In total a fairly similar picture to August’s table
What’s Not
  • The dominance of funds in the Specialist sector across both tables highlight why our Dynamic Ratings must be taken with a pinch of salt for this sector…
  • …though this sector has recently been further split into six new sectors (including Commodity/Natural Resources and India, just to name two)
  • The worst performer over the month was the HSBC GIF Brazil Equity fund, down 11.64%
  • The What’s Not table is remarkably similar to August’s, dominated by precious metals and Latin American funds
  • Six of the ten funds in September’s table were also in the August edition
What’s Hot
 
Name
Sector
Last Month Performance %
Schroder ISF Global Energy
IA Global
17.79
Guinness Global Energy
Commodity/Natural Resources
15.32
BlackRock GF World Energy
Commodity/Natural Resources
14.03
LF Brook Absolute Return
Targeted Absolute Return
7.83
Pimco GIS MLP & Energy Infrastructure
Specialist
7.21
BlackRock GF India
India/Indian Subcontinent
6.15
Jul Baer Multicooperation SICAV GAM Commodity
Commodity/Natural Resources
6.00
Vontobel Asset Management S.A. Commodity
Specialist
5.76
HSBC GIF Russia Equity
Specialist
5.37
Lazard Japanese Strategic Equity
Japan
5.31
 
What’s Not
 
Name
Sector
Last Month Performance %
HSBC GIF Brazil Equity
Specialist
-11.64
JGF-Jupiter Gold And Silver
Specialist
-11.32
JPM Brazil Equity
Specialist
-10.37
BlackRock Gold & General
Specialist
-9.19
Threadneedle Latin America
Latin America
-9.08
Quilter Investors Precious Metals Equity
Specialist
-8.80
Fidelity Latin America
Specialist
-8.43
Schroder ISF Latin American
Latin America
-8.39
ASI Latin American Equity
Latin America
-8.28
Ninety One Global Gold
Specialist
-8.24
 
Fund performance 01/09/2021 – 30/09/2021. Funds <50m in size and ETF’s excluded from the above research.
 
*We do this blog as a bit of fun and to simply highlight the short term trends. These are not funds we’re highlighting that have any particular long-term potential.
Topic: Fund analysis


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