Page 49 - DIY Investor Magazine | Issue 33

TOP 20 FUNDS IN THE FIRST QUARTER
There are five funds in our latest table that were also in the top 20 for the fourth quarter of 2021. They are the VT Argonaut Absolute Returns fund and the four “gold” funds: SVS Sanlam Global Gold and Natural Resources, Ninety One Global Gold, LF Ruffer Gold, and BlackRock Gold and General.
Our two demonstration portfolios reflect this change in momentum. All the funds we were invested in at the end of last year were sold during January and early February. Since then, we have been sitting on significant levels of cash and have made a few new investments.
It probably will not come as a surprise that we are already holding a number of funds that feature in this table. They are Schroder ISF Global Energy, JPM Natural Resources, Liontrust Latin America, TB Guinness Global Energy, and Fidelity American Special Situations.
NO DAY MAY BE JUDGED UNTIL NIGHT HAS FALLEN: THOUGHTS OF SALTYDOG INVESTOR
It’s impossible to accurately predict what will happen in the future and it is dangerous to listen to, and blindly follow, journalists and financial people who say they can.
Investing is difficult enough in normal times, but with the dreadful war that is taking place in Ukraine, and the sanctions being applied on Russia by the western world, investing has become akin to a game of poker.
There are many questions. Will the West run out of oil and
gas and be crippled by rising prices and inflation? Will the UK experience a recession? Will the Russian economy be brought to its knees? When will the conflict come to an end? People will pontificate on these subjects, but they cannot know for certain what lies ahead.
‘I WILL CONTINUE TO HOLD A LARGE PERCENTAGE OF MY INVESTMENTS IN CASH’
For me, that means it is wait and see time.
For the moment I will continue to hold a large percentage of my investments in cash, the balance being spread amongst Natural Resources, Global Energy and the funds involved with the development of hydrogen and nuclear energy.
Name
Schroder ISF Global Energy
JPM Natural Resources
Liontrust Latin America
abrdn Latin American Equity
TB Guinness Global Energy
BlackRock Natural Resources
Invesco Emerging Markets ex China
Threadneedle Latin America
SVS Sanlam Global Gold & Resources
Ninety One Global Gold
Barings Global Agriculture
Stewart Inv Latin America
LF Ruffer Gold
LF Macquarie Global Infrastructure Securities
VT Argonaut Absolute Return
Fidelity American Special Situations
FTF ClearBridge Global Infrastructure
BlackRock Gold and General
Invesco UK Opportunities
BlackRock US Opportunities
Jan % Return
13.6
5.9
4.6
5.1
14.1
5.7
5
0.7
- 6 .1
-9.2
-0.9
5.7
-6.9
-0.2
5.5
-1.1
-1.8
-6.6
3.6
-1.2
Feb % Return
1.3
7.2
6.7
4.7
0.5
4.8
4.5
4.8
14.7
17.1
3.2
0.6
13.6
1.6
3.8
2.9
1.1
10.1
1.5
3.1
Mar % 3-month Return return
16.2 33.7
13.6 28.8
15.1 28.6
15.6 27.3
10.9 27.3
14.2 26.5
13.5 24.6
15.6 22
11.5 20.1
12.3 19.4
14.6 17.1
8.5 15.4
7.6 13.8
9.8 11.3
1.4 11
8.4 10.3
10.7 10
6.3 9.4
3.6 8.9
5.9 7.8
Data source: Morningstar. Past performance is not a guide to future performance.
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DIY Investor Magazine · Apr 2022