Top Picks of the Month – June 2022
We show here a selection of funds that might be of interest to you. They were chosen either for their outstanding performance, which is likely to continue, or for their potential for attractive returns or diversification given current and expected market conditions.
May 2022
Inflation figures continue to put pressure on central banks and markets. Growth expectations are being revised downwards everywhere, in response to the continuing shock of the war in Ukraine, persistently high inflation, anticipated monetary tightening by central banks and continued supply-side challenges.
May was a better month for alpha generation of actively managed funds, particularly in the equity space, despite ongoing selling pressures.
Threadneedle Global Technology managed to be positive (+2%), in still an adverse environment for tech companies. The fund benefitted from a strong valuation discipline to avoid non-profitable stocks. Renewables and climate-related funds were also leading the tables, Ninety One GSF Global Environment fund (+1.9%) being the top performer. M&G Global Listed Infrastructure (+1.1%) was again among the best performing funds.
Fixed income markets continue to be under pressure, but EM local debt bounced back following signs of dollar weakening by month-end. Baring EM Local Debt (+2.4%) was the noticeable outperformer.