What’s Hot? What’s Not? Japan & Gold rise, Long Bonds sink

Fri 30 Sep 2016

By Sam Lees

Access Level | public

What's Hot What's Not

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What’s Hot?

  • Japanese funds make up 50% of the top performers in September…
  • …with Japanese Smaller Companies at numbers 2 and 3 in the table.
  • This was driven by buying from within Japan.
  • Gold and natural resources make up the rest of the table, continuing their strong run this year.
  • This was triggered by Chinese growth holding up (along with Asia as a whole).
  • Biotech sneaks in at the bottom.  Its large US exposure makes this fund more geared towards the ebbs and flows of the US Presidential election.

What’s Not?

  • UK long dated bonds make up 9/10 funds.  
  • After a good August funds holding bonds with a long time until they mature have fallen back in September.
  • One UK growth fund makes it into the table.  Uncertainty is still a factor in the UK stock market.
  • This was due to fears about higher interest rates and higher inflation, particularly if helicopter money is coming.

FURTHER READING

 

Table 1: What's Hot?

Name

 

Sector

Last Month Performance

Legg Mason

 IF Japan Equity

 Japan

13.57

Baillie Gifford

 Japanese Smaller Companies

 Japanese Smaller Cos

11.83

Invesco Perpetual

 Japanese Smaller Companies

 Japanese Smaller Cos

11.27

JPM

 Japan

 Japan

9.33

First State

 Global Resources

 Global

9.27

Smith & Williamson

 Global Gold & Resources

 Specialist

9.08

JPM

 Natural Resources

 Specialist

8.19

BlackRock

 Gold & General

 Specialist

8.01

AXA

 Framlington Japan

 Japan

7.96

AXA

 Framlington Biotech

 Specialist

7.75

Table 2: What's Not?

Name

 

Sector

Last Month Performance

Jupiter

 UK Growth

 UK All Companies

-3.02

Natixis

 H2O MultiReturns

 Targeted Absolute Return

-2.98

Vanguard

 UK Long Duration Gilt Index

 UK Gilts

-2.95

Insight

 UK Govt Long Maturity bond

 Unclassified

-2.89

Aberdeen

 Sterling Long Dated Govt Bond

 UK Gilts

-2.69

Newton

 Long Gilt

 UK Gilts

-2.45

Insight

 UK Corporate Long Maturities Bond

 Unclassified

-2.32

F&C

 Overseas Equity Linked UK Gilt

 Specialist

-2.28

Henderson Inst

 Long Dated Credit

 Sterling Corporate Bond

-2.25

Baillie Gifford

 Active Long Gilt Plus

 Unclassified

-2.24

 

Performance: 01/09/2016-29/09/2016

 

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What's Hot What's Not

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