Blog View Page

What’s Hot? What’s Not? Gold, gold, gold (and Woodford)

Posted by: Sam Lees
Tags: gold, woodford
Membership level: Free
Gold is glittering this month. Absolute return is absolutely horrible and Woodford’s funds continue their slide.
 
What’s Hot?
  • Gold and natural resources funds make up 8 of the top ten, if we include Russia as a commodity-dependent country.
  • Two European funds round out the top ten.
  • Gold is the most interesting for us. Back here we said that the time to buy gold is when it is out of favour. Now gold is hitting highs and we’re seeing headlines talking about how to buy the “ultimate safe haven” investment.
  • We talk a lot about the behaviour of investors and there’s a good reason for that: investors do the same things again and again!
What’s Not?
  • Two Woodford and three Absolute Return funds are in the doghouse.
  • Indian funds take two spots in the bottom table. We think the long-term potential of India is huge so periods of weakness are a good opportunity to add to long-term holdings, if you’re comfortable with the risks.
  • UK Smaller Companies also feature in the bottom table. As with India, there’s evidence that smaller companies will outperform over the long term. Although, the UK has its own specific problems, don’t fall into the trap of thinking Brexit is the be-all and end-all.

FURTHER READING

 

What's Hot
   
Name
Sector
Last Month Performance
LF Ruffer Gold
 Specialist
23.18
BlackRock Gold & General
 Specialist
19.50
Investec Global Gold
 Specialist
19.22
Smith & Williamson Global Gold & Resources
 Specialist
16.03
BlackRock Natural Resources Growth & Income
 Specialist
8.82
Investec Enhanced Natural Resources
 Specialist
8.80
JPM Natural Resources
 Specialist
8.72
Baillie Gifford European
 Europe Excluding UK
7.77
Neptune Russia & Greater Russia
 Specialist
7.70
BlackRock Continental European
 Europe Excluding UK
7.53

 

What's Not
   
Name
Sector
Last Month Performance
LF Woodford Income Focus
 UK Equity Income
-9.05
Omnis Income & Growth
 UK Equity Income
-8.77
LF Woodford Equity Income
 UK All Companies
-6.47
LF Odey Absolute Return
 Targeted Absolute Return
-5.87
Jupiter India
 Specialist
-4.86
Neptune India
 Specialist
-3.85
Aberforth UK Small Companies
 UK Smaller Companies
-3.24
Thesis TM Sanditon European Select
 Targeted Absolute Return
-2.71
VT Garraway Absolute Equity
 Targeted Absolute Return
-2.67
Artemis UK Smaller Companies
 UK Smaller Companies
-2.58
Topic: Fund analysis


Comments

Would you like to leave a comment?

Register with FundExpert or Log-in

BNY Mellon

FundExpert on Twitter Twitter

Archive