Global funds from Manulife IM, Morgan Stanley IM and Pictet AM have outperformed since markets started to recover on 9 April, according to data compiled from FE fundinfo.
Global stocks fell over 11% in the days following so-called “Liberation Day” when US president Trump revealed steep tariffs on most of the world.
Most funds sold off sharply alongside markets during the initial sell-off which began on 2 April, with the exception of certain gold and property funds.
Although markets initially were pricing-in a deep recession, they began to recover on 9 April when the US announced a 90-day delay on most tariffs for trade deal negotiations.
The MSCI AC World Index has since gained 11.2% since, boosted by news of the US and China agreeing to rollback tariffs after a meeting between representatives in Switzerland.
Below, FSA highlights five global equity funds available in either Hong Kong or Singapore that have since outpaced the wider market recovery, according to data compiled from FE Fundinfo*.
Manulife Global Semiconductor Opportunities
The Manulife Global Semiconductor Opportunities fund is up 32.8% since markets started to recover on 9 April, after enduring a 14.6% drawdown following Liberation Day.
This fund, launched in Hong Kong earlier this year, aims to capture growth by investing in semiconductor stocks globally.
Some of its biggest holdings include Taiwan Semiconductor Manufacturing Company, Marvell Technology and Broadcom.
MS INVF Global Insight
The Morgan Stanley Global Insight fund is up 32.4% since 9 April, after enduring a 11.7% drawdown between 2 April and 9 April.
This fund invests for capital growth, in companies the managers believe have inherent sustainable competitive advantages.
Its biggest holdings are invested in US firm Cloudflare, South American online marketplace firm MercadoLibre and Canadian e-commerce firm Shopify.
Pictet Global Environmental Opportunities
The Pictet Global Environmental Opportunities fund is up 27.9% since 9 April, after seeing a 15.2% drawdown following 2 April.
The fund invests in globally listed companies with underestimated long-term persistent growth in environmental solutions.
Its biggest holdings include semiconductor-related firms Cadence Design Systems, and Synopsys, as well as US waste services firm Waste Connections.
Baillie Gifford Worldwide Positive Change
The Baillie Gifford Worldwide Positive Change fund is up 27.1% since 9 April, following a 10.8% drawdown in the days after Liberation Day.
The fund invests for capital growth by selecting companies whose products, behaviour or services make a positive social impact.
Some of its biggest holdings are in MercadoLibre, Taiwan Semiconductor Manufacturing Company and Duolingo.
Eastspring Global Dynamic Growth Equity Fund
The Eastspring Global Dynamic Growth Equity fund is up 26.5% since 9 April, having endured a 10% drawdown after 2 April.
The fund invests for capital growth by selecting companies listed globally that have strong growth potential.
Its largest holdings include Amazon, Boston Scientific Corporation and Intuitive Surgical.
*The performance figures are based in US dollars. The data only includes funds that fall under the Singapore Mutual equity sector according to FE fundinfo data.
