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What’s Hot, What’s Not: North America Hot, Gold Not

Posted by: Ben Debney
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It’s a clear reversal compared to last month, with North American funds now occupying the top places and Gold funds making up the bottom places.

What’s Hot

  • All funds are growth-style and have a significant exposure to US tech and/or health care.
  • 5 funds here were in the Bottom 10 last month, 3 of these being Morgan Stanley US Growth, Morgan Stanley US Advantage and Baillie Gifford American in the North America sector.
  • The other 2 are Baillie Gifford Health Innovation and Nikko AM ARK Disruptive Innovation, both in the Specialist sector. The latter fund pops up in our “What’s Hot, What’s Not” analysis frequently, for good and bad, so a very volatile fund.

What’s Not

  • 90% of funds are Gold-focussed.
  • Several of these Gold funds were in the Top 10 last month, for example LF Ruffer Gold and Ninety One Global Gold
  • Making up the final bottom spot is an absolute return fund, supposedly a low risk sector, but many funds in the sector take risk more associate with a stock-market linked fund.

What’s Hot

Name

Sector

Last Month Performance %

Nikko AM ARK Disruptive Innovation

IA Specialist

19.1

Morg Stnly US Growth

IA North America

14.6

Baillie Gifford American

IA North America

13.9

Liontrust Global Smaller Companies

IA Global

12.7

Baillie Gifford Health Innovation

IA Specialist

11.9

New Capital US Future Leaders

IA North America

11.9

Wells Fargo Worldwide US All Cap Growth

IA North America

11.6

Oyster US Small & Mid Company Growth

IA North America

11.4

T. Rowe Price Global Technology Equity

IA Tech & Telecoms

11.3

Morg Stnly US Advantage

IA North America

11.2

 

What’s Not

Name

Sector

Last Month Performance %

ES Baker Steel Gold & Precious Metals

IA Specialist

-11.9

JGF-Jupiter Gold And Silver

IA Specialist

-11.9

Ninety One Global Gold

IA Specialist

-11.7

MFM Junior Gold

IA Specialist

-11.1

Smith & Williamson Global Gold & Resources 

IA Specialist

-11.0

BlackRock Gold & General

IA Specialist

-10.9

Quilter Investors Precious Metals Equity

IA Specialist

-10.9

LF Ruffer Gold

IA Specialist

-9.1

WS Charteris Gold & Precious Metals

IA Specialist

-9.0

LF Brook Absolute Return

IA Targeted Absolute Return

-7.1

Topic: Fund analysis


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