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

Posted by: Sam Lees

• 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.

• 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.

• (Lots) of money to be made when the worm turns
  
• European Renaissance (Part 2)
  
• Early days for bond defaults and banktrupcies
  

 

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