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What's Hot, What's Not: UK Small Caps thrive, Japan skives

Posted by: Ben Debney
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A Brexit trade deal and approval of the Oxford vaccine allowed UK Small Cap funds to take centre stage in December. Meanwhile a few Japanese funds have had a blip.

What’s Hot

  • 60% of Top 10 spots are funds from UK Smaller Companies. This includes Premier Miton UK Smaller Companies and two Marlborough funds: Nano Cap Growth and Micro Cap Growth.
  • The current fund in our Jan/Jul Bonkers 6-Month portfolio, Guinness Sustainable Energy, sits in fourth place. This fund has 20% of its holdings in Tech, Media & Telecoms, and 17% in Basic Materials.
  • Alongside a Chinese and a Global Emerging Market fund, there is the precious metals fund Merian Gold and Silver from the Specialist sector.

What’s Not

  • Three Japan funds sit in the Bottom 10, namely Legg Mason IF Japan Equity and Baillie Gifford Japanese Smaller Companies. Despite a poor showing last month, the longer term performance of these funds is impressive.
  • There are a couple of Targeted Absolute Return funds, these being Wellington Global Total Return and Veritas Global Real Return.
  • Making up the remainder of the Bottom 10 is a real mixture of funds, including property, infrastructure and global bond funds. 

 

What's Hot
Name
Sector
Last Month Performance %
Premier Miton UK Smaller Companies
UK Smaller Companies
15.67
Marlborough Nano Cap Growth
UK Smaller Companies
15.16
New Capital China Equity
China/Greater China
13.20
Guinness Sustainable Energy
Global
11.53
Merian Gold And Silver
Specialist
11.44
FP Octopus UK Micro Cap Growth
UK Smaller Companies
11.18
PGIM Jennison Emerging Markets Equity
Global Emerging Markets
10.79
Ninety One UK Smaller Companies
UK Smaller Companies
10.21
Marlborough UK Micro Cap Growth
UK Smaller Companies
10.15
TB TB Amati UK Smaller Companies
UK Smaller Companies
10.02
Performance 01/12/2020-31/12/2020

 

What's Not
Name
Sector
Last Month Performance %
Legg Mason IF Japan Equity
Japan
-4.27
Baillie Gifford Japanese Smaller Companies
Japanese Smaller Companies
-4.01
L&G Global Infrastructure Index
Global
-2.73
GAM Star Japan Leaders
Japan
-2.55
Wellington Global Total Return
Targeted Absolute Return
-2.53
Fidelity China Focus
China/Greater China
-2.43
Fidelity Global Infrastructure
Global Equity Income
-2.42
Veritas Global Real Return
Targeted Absolute Return
-2.26
Threadneedle Dollar Bond
Global Bonds
-2.24
NB US Real Estate Securities
Property Other
-2.20
Performance 01/12/2020-31/12/2020
Topic: Fund analysis


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