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What’s Hot, What’s Not: Japan sparkles; Energy, UK and US suffer

Posted by: Brian Dennehy
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For the first time in history, the entire What’s Hot list encompasses just one country: Japan. At the same time Energy funds have taken a tumble, as well as a couple of UK and US funds.

What’s Hot

  • Japanese funds account for every single Top 10 spot!
  • 40% of these funds are in Japanese Smaller Companies, an overlooked and under-researched sector.
  • Why the Japan dominance? The appointment of new prime minister Mr Suga in late August has boosted confidence that Japan will continue with ‘Abenomics’.

What’s Not

  • 3 out of 4 of the worst performing funds are Energy-based, the world oil majors coming under pressure and the oil price is drifting.
  • Some Value funds from the UK All Companies sector also feature. When might we see the ‘Great Rotation’?  We continue to monitor this.
  • 3 US funds highlight the recent, albeit small, turn in the US markets. Both the large cap and small cap sectors showing. 

What's Hot

   

Name

Sector

Last Month Performance

Aberdeen Standard SICAV I Japanese Smaller Companies

IA Japanese Smaller Companies

11.7

Legg Mason IF Japan Equity

IA Japan

10.79

Janus Henderson Horizon Japanese Smaller Companies

IA Japanese Smaller Companies

10.62

JPM Japan

IA Japan

10.56

AXA Framlington Japan

IA Japan

10.34

Baillie Gifford Japanese Smaller Companies

IA Japanese Smaller Companies

10.29

Liontrust Japan Equity  

IA Japan

9.95

BNY Mellon Japan Small Cap Equity Focus

IA Japanese Smaller Companies

9.89

JOHCM Japan 

IA Japan

9.77

First Sentier Japan Focus

IA Japan

9.72

 

What's Not

   

Name

Sector

Last Month Performance

Schroder ISF Global Energy

IA Global

-11.77

New Capital US Growth

IA North America

-10.44

Guinness Global Energy

IA Global

-9.94

BlackRock GF World Energy

IA Specialist

-8.02

Barclays GlobalAccess US Small & Mid Equity

IA North American Smaller Comp.

-7.84

Aviva Inv UK Listed Equity High Alpha

IA UK All Companies

-7.63

Ninety One UK Special Situations

IA UK All Companies

-7.52

Man GLG Undervalued Assets Professional

IA UK All Companies

-7.5

New Capital China Equity Ord Acc GBP

IA China/Greater China

-7.02

Barclays GlobalAccess US Equity

IA North America

-6.74

Topic: Sector analysis


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