2nd September 2013
IMA UK Smaller Companies was top performing sector in August as AIM shares while Global Emerging Markets & IMA Asia Pacific Ex Japan were the worst performing sectors.
Top performing Funds August 2013
|SF t1ps Smaller Companies Growth||UK Smaller Companies||15.95||1|
|SF T1ps Smaller Companies Gold||Specialist||15.42||2|
|CF Ruffer Baker Steel Gold O Acc||Specialist||12.21||3|
|WAY Charteris Gold Portfolio WAY R Acc||Specialist||10.90||4|
|Junior Gold Ret||Specialist||10.46||5|
|CF Miton UK Smaller Companies A Acc||UK Smaller Companies||10.45||6|
|Discretionary Unit||UK Smaller Companies||8.07||7|
|Cavendish AIM Retail||UK Smaller Companies||7.66||8|
|MFM Slater Growth||UK All Companies||7.33||9|
|Marlborough UK Micro Cap Growth||UK Smaller Companies||6.88||10|
Top performing sectors August 2013
|IMA UK Smaller Companies||2.82||1|
|IMA Money Market||0.01||2|
|IMA Short Term Money Market||0.01||3|
|IMA UK Index Linked Gilt||-0.24||4|
|IMA Targeted Absolute Return||-0.30||5|
|IMA £ High Yield||-0.42||6|
|IMA £ Strategic Bond||-0.68||7|
|IMA UK All Companies||-0.78||8|
|IMA China/Greater China||-0.79||9|
Source: LIPPER 31st July 2013 to 30th August 2013
Danny Cox, Head of Financial Planning, Hargreaves Lansdown says: “UK Smaller Companies has been the best performing sector in August. UK smaller companies are likely to have benefited from a change in rules at the start of the month which meant investors were able to hold AIM shares inside their ISAs for the first time. The FTSE AIM rose 4.2% in August while the FTSE 100 fell 3.3%.
“The other notable performers in August were gold mining companies which built on a strong recovery in July. The FTSE Gold Mines index rose 8.9% in August. However, it is important to maintain perspective as gold mining shares (FTSE Gold Mines) are still down 44% this year even after the recent rebound.
Cox says there are several drivers for the gold price at the moment – an increasing likelihood of military action in Syria is one factor and a sell-off in Emerging Markets is the other. Investors becoming risk averse have sought exposure to defensive assets such as gold.
For the second month in a row Asia Pacific and Emerging Markets with Indian specific funds delivered the worst performance in August.”