North America

Introduction to North America

North American funds focus on companies that are domiciled in the United States and Canada. These could be companies that generate the majority of their revenues domestically or those that have extensive revenues from outside North America. The US market is the largest and broadest in the world and therefore fund managers have a large selection of stocks and sectors from which to choose.

The benchmark indices are the S&P 500, the Dow Jones industrial average and the technology-focused Nasdaq. Among the major constituents of the S&P 500 are the technology giants of Apple and Microsoft, oil majors Exxon Mobil and Chevron, plus consumer goods groups Johnson & Johnson and Proctor & Gamble, but many fund managers prefer to focus on smaller or mid cap stocks.

The North American market is usually seen as more 'defensive' than other markets - it tends to hold its value even when times are tough. However, because it is large and liquid and there are a lot of market participants, it is also seen as extremely efficient. There don't tend to be as many mispricing opportunities for active managers to exploit. North America managers follow a variety of styles, some prioritising high growth companies, others preferring more 'value' names trading at cheaper prices.

The tax treatment of investments is subject to tax law and HMRC practice which are subject to change. The value of investments may be affected by exchange rate movements where the underlying investments are not denominated in Pounds Sterling.

Investment Trusts

Name1 Year (%)3 Years (%)5 Years (%)DiscountNAV
Blackrock North American Income Trust Plc ORD 1P0.7740.7260.73-6.21163.66Buy
Gabelli Value Plus Trust PLC-10.4513.90--9.12130.39Buy
JP Morgan American IT plc3.2040.8992.18-4.96401.40Buy
JP Morgan US Smaller Companies IT PLC Ord 2.5P4.7052.47122.60-3.39286.20Buy
Jupiter US Smaller Companies PLC Ord 25P0.8925.0933.65-12.37975.65Buy
North Atlantic Smaller Companies IT-4.3836.1089.51-23.893,442.57Buy
The North American Income Trust plc Ord 25p3.8951.4370.61-7.481,302.44Buy

ETFs

Name6 Months (%)1 Year (%)3 Years (%)5 Years (%)CurrencySector
BMO Enhanced Income USA Equity UCITS ETF-3.50---GBPEquity - USABuy
BMO MSCI USA Income Leaders GBP Hedged0.988.63--GBPEquity - USABuy
Boost NASDAQ 100 3x Leverage Daily ETP15.5745.93126.23734.74USDEquity - USABuy
Boost NASDAQ 100 3x Short Daily ETP-28.06-46.97-80.49-96.46USDEquity - USABuy
Boost S&P 500 3x Leverage Daily ETP5.0528.1068.40296.01USDEquity - USABuy
Boost S&P 500 3x Short Daily ETP-16.15-34.03-68.19-90.54USDEquity - USABuy
ETFS Russell 2000 US Small Cap GO UCITS ETF GBP-0.951.8737.0091.54GBPEquity - Small Cap USABuy
Fidelity US Quality Income UCITS ETF Hedged Acc GBP----GBPEquity - USABuy
First Trust US Equity Income UCITS ETF A Inc GBP-0.411.90--GBPEquity - USABuy
First Trust US Large Cap Core AlphaDEX UCITS ETF A Acc Nav GBP-0.453.4537.5995.73GBPEquity - USABuy
First Trust US Small Cap Core AlphaDEX UCITS ETF A Acc USD4.1511.07--USDEquity - Small Cap USABuy
FundLogic MS Scientific Beta US Equity Factors UCITS4.4310.91--USDEquity - USABuy
HSBC MSCI USA GBP-1.093.0840.5696.84GBXEquity - USABuy
HSBC S&P 500 GBP-1.522.8740.8397.89GBPEquity - USABuy
Lyxor UCITS ETF RUSSELL 2000 Acc USD4.7911.7728.1076.63USDEquity - Small Cap USABuy
Lyxor UCITS ETF Nasdaq 100 D USD7.8418.1246.61136.68USDEquity - USABuy
Lyxor UCITS ETF Dow Jones Industrial Average Dist3.5616.1740.04-USDEquity - USABuy
Lyxor Ucits ETF Msci USA Dis USD4.2512.2828.9475.65USDEquity - USABuy
PS Dynamic US Market UCITS ETF GBP0.207.1541.6697.54GBXEquity - USABuy
PS EQQQ Nasdaq 100 UCITS ETF GBP3.369.2860.29163.06GBXEquity - USABuy

Disclaimer

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