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What’s Hot, What’s Not: Gold on the rise; UK and Property struggle

Posted by: Sam Lees
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Gold is again topping the tables along with Asian funds. The UK and property shares struggled, along with a couple of Absolute Return funds.
 
What’s Hot
  • Gold has risen sharply this month. Five gold funds and one mining fund make up 60% of the top 10.
  • Baillie Gifford’s Positive Change fund has again done well.
  • Two Asia-Pacific funds also make the top 10…
  • …while an interesting fund focussing on Timber rounds out the top performing funds over the month.
What’s Not
  • UK funds from the main All Companies sector are the worst performers. Smaller companies don’t feature, and that sector average is just positive, which could indicate a turning point. Time will tell.
  • There is a mixture of funds making up the Not Hot list. One biotech fund is present along with funds focussing on property shares.
  • Biotech generally has done well, but this shows that niche investing can be highly volatile and different funds can give very different returns.
  • One Energy fund and an emerging market fund have also had a poor showing…
  • …while three Absolute Return funds (one from the Specialist sector) make up the rest of the bottom 10.
FURTHER READING

 

 
What's Hot
   
Name
Sector
Perf %
Merian Gold And Silver
Specialist
20.7
BlackRock Gold & General
Specialist
14.6
Ninety One Global Gold
Specialist
14.6
Smith & Williamson Global Gold & Resources
Specialist
12.8
LF Ruffer Gold
Specialist
10.2
Baillie Gifford Positive Change
Global
10.2
BlackRock GF World Mining
Specialist
9.7
Allianz Total Return Asian Equity
Asia Pacific Excluding Japan
9.1
Pictet Timber
Specialist
9.1
Barings Eastern Trust
Asia Pacific Excluding Japan
8.8
     
     
What's Not
   
Name
Sector
Perf %
GVQ UK Focus
UK All Companies
-7.9
GVQ Opportunities
UK All Companies
-7.5
Morg Stnly Global Property
Property Other
-5.8
T. Rowe Price Frontier Markets Equity
Specialist
-5.3
BlackRock GF World Energy
Specialist
-4.9
L&G Global Real Estate Dividend Index
Property Other
-4.9
Candriam Equities L Biotechnology
Specialist
-4.6
Winton Diversified (UCITS)
Specialist
-4.3
LF Odey Absolute Return
Targeted Absolute Return
-4.2
Eaton Vance Int (Ire) Global Macro
Targeted Absolute Return
-4.1
Topic: Market commentary


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