What’s Hot? What’s Not? UK funds push higher, Commodities sink further

Thu 27 Apr 2017

By Sam Lees

Access Level | public

What's Hot What's Not

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hot notThe top table is entirely UK-focussed with funds ranging from income and medium to smaller company funds.  The bottom table is dominated by gold and commodities.

What’s Hot?

  • Only one UK fund made it into the top table last month.  This month all the top funds are either large, medium or smaller company UK-focussed funds.
  • These funds have all outperfomed the FTSE 100 (-0.87% for the period)...
  • ...showing there is great potential out there for discerning investors.
  • UK smaller companies are prominent, making up 4/10 funds.
  • Medium and larger company-focussed funds also feature… 
  • …while a property share fund makes up the top 10.  Building companies’ stock has performed well (investors are expecting a strong mandate for Theresa May in the upcoming general election).

What’s Not?

  • Gold and Energy funds make up the majority of the bottom table.  Emmanuel Macron’s success in the first round of the French Presidential election left investors with an appetite for riskier investments…
  • …but a Le Pen victory in the second round, while unlikely, would see this quickly reverse.
  • The US made up most of the bottom funds last month.  Only one specifically US fund shows this time round.
  • We’ve noted before that the US is over-valued.  While the market could still go higher we’re now in the 93rd month of US expansion…and history suggests that we are due a correction.
  • Japanese Smaller Companies, which have been quiet of late, makes up the rest of the funds in the bottom table…  
  • …as one of our Trades of the Decade, periods of weakness may present an opportunity for long-term investors.

FURTHER READING

 
Table 1: What's Hot?

Manager

Fund

Sector

Last Month Performance

MI Chelverton

 UK Equity Growth

 UK All Companies

7.43

M&G

 Smaller Companies

 UK Smaller Companies

7.07

Threadneedle

 UK Smaller Companies

 UK Smaller Companies

6.85

Unicorn

 UK Income

 UK Equity Income

6.48

Aberdeen

 Property Share

 Property

6.45

Standard Life Investments

 UK Smaller Companies

 UK Smaller Companies

6.41

Royal London

 UK Mid-Cap Growth

 UK All Companies

6.40

MI Chelverton

 UK Equity Income

 UK Equity Income

6.39

BlackRock

 UK Smaller Companies

 UK Smaller Companies

6.24

Allianz

 UK Mid Cap

 UK All Companies

6.20

 
Table 2: What's Not?

Manager

Fund

Sector

Last Month Performance

Investec

 Global Gold

 Specialist

-5.67

First State

 Global Resources

 Global

-5.07

Invesco Perpetual

 Japanese Smaller Companies

 Japanese Smaller Cos

-5.00

BlackRock

 Gold & General

 Specialist

-4.81

CF Ruffer

 Gold

 Specialist

-4.75

BlackRock

 Natural Resources Growth & Income

 Specialist

-4.30

Investec

 Enhanced Natural Resources

 Specialist

-4.21

Investec

 Global Energy

 Specialist

-4.02

JPM

 Natural Resources

 Specialist

-4.00

Aviva Inv

 US Equity Income

 North America

-3.07

 
Performance data: 1/4/17-26/4/17

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What's Hot What's Not

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