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What’s Hot What’s Not: Gold Glitters Again, Property Struggles

Posted by: Sam Lees
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Membership level: Free
 
After a sharp ride down in March, April saw some funds accelerating up, driven by Gold. Property bumped along the bottom, making up most of the Not Hot table.
 
What’s Hot
  • Gold has done well this month. Gold funds take the top 3 spots with the best up 43%.
  • The US is the other big winner, with smaller companies and large cap funds both making the top 10. It’s a good showing for Baillie Gifford, taking 3 of the top 10 spots.
  • The lone UK fund is a midcap fund. Do keep an eye on this area, which is one we’ve highlighted in recent teleconferences for Gold Members.
What’s Not
  • Property hasn’t excited this month.
  • 80% of the Not Hot funds are direct property funds.
  • The remainder are two Absolute Return funds. While these two funds haven’t fallen much it’s a confused sector where care is needed. The best of the bunch is up over 10% in a month, which is quite a lot for a supposedly lower-risk sector.

FURTHER READING

 

 
What's Hot
   
Name
Sector
Last Month Performance
BlackRock Gold & General
 Specialist
43.0
Ninety One Global Gold
 Specialist
42.6
LF Ruffer Gold
 Specialist
38.9
Baillie Gifford American
 North America
30.7
Baillie Gifford Global Discovery
 Global
25.2
LF Miton US Smaller Companies
 North American Smaller Companies
23.9
JPM US Small Cap Growth
 North American Smaller Companies
23.6
Baillie Gifford Global Stewardship
 Global
23.5
Merian UK Mid Cap
 UK All Companies
23.3
UBS US Equity
 North America
22.7
     
     
What's Not
   
Name
Sector
Last Month Performance
Aviva Inv European Property
 UK Direct Property
-2.7
Jupiter Absolute Return
 Targeted Absolute Return
-2.3
Aviva Inv UK Property
 UK Direct Property
-2.1
Standard Life Investments UK Real Estate
 UK Direct Property
-2.0
Threadneedle UK Property Authorised Investment
 UK Direct Property
-1.9
Kames Property Income
 UK Direct Property
-1.6
M&G Property Portfolio
 UK Direct Property
-1.4
BMO UK Property
 UK Direct Property
-1.3
Aberdeen UK Property
 UK Direct Property
-1.0
Premier Defensive Growth TR
 Targeted Absolute Return
-0.8

 


 
Topic: Investment research


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