Major AI sector selloff and tech correction
Technology equities tumbled with Nasdaq dropping nearly 6%, marking its worst session since April 2025. AI-related stocks declined sharply, dragging the S&P 500 down significantly.
Funds in our coverage with Glencore PLC among their ten largest positions, with about £1.4B of those funds’ assets in it. FE fundinfo data, to 31 Oct 2026.
| 5Y | Volatility | Quartile | ||||||
|---|---|---|---|---|---|---|---|---|
| World Mining FundBlackRock | Active | 7.26% | +18.0% | Pro | Pro | 2.07% | £5.8B | Free account |
| BlackRock World Mining Trust plcBlackRock | Passive | 6.50% | +51.4% | Pro | Pro | 0.95% | n/a | Free account |
| BlackRock Energy and Resources Income Trust PLCBlackRock | Passive | 5.90% | +27.8% | Pro | Pro | 1.15% | £176.3M | Free account |
| Copper Miners ETFGlobal X Funds | Passive | 4.82% | +47.8% | Pro | Pro | n/a | n/a | Free account |
| Allianz Global Metals and MiningAllianz Global Investors | Active | 4.60% | +19.3% | Pro | Pro | 1.85% | £1.4B | Free account |
| JOHCM UK Equity Income FundJ O Hambro CM | Active | 4.38% | +24.2% | Pro | Pro | 0.85% | £2.0B | Free account |
| iShares MSCI Global Metals & Mining Producers ETFBlackRock | Passive | 4.37% | +40.1% | Pro | Pro | 0.39% | n/a | Free account |
| Global Natural Resources FundNinety One | Active | 4.36% | +29.1% | Pro | Pro | 1.90% | £1.5B | Free account |
| Perpetual WF Super BT International SharePerpetual | Not classified | 3.94% | n/a | Pro | Pro | n/a | £1.8M | Free account |
| Aviva Newton Higher Income PnAviva | Not classified | 3.49% | n/a | Pro | Pro | n/a | £42.6M | Free account |
| VanEck S&P Global Mining UCITS ETFVanEck | Passive | 3.32% | +32.3% | Pro | Pro | 0.50% | n/a | Free account |
| Man Undervalued Assets FundMan Group | Active | 3.14% | +18.6% | Pro | Pro | 0.90% | £1.2B | Free account |
| Artemis SmartGARP UK Equity FundArtemis | Active | 3.11% | +14.7% | Pro | Pro | 1.59% | £1.5B | Free account |
| BNY Mellon UK Income FundBNY | Active | 3.07% | +20.0% | Pro | Pro | 1.60% | £1.8B | Free account |
| ACATIS Value Event FondsAcatis | Active | 2.84% | −3.3% | Pro | Pro | 1.40% | £3.9B | Free account |
| Aviva Pension UK Equity YP (CGU)Aviva Life & Pension | Not classified | 2.70% | +12.3% | Pro | Pro | n/a | £6.8B | Free account |
| Lloyds Wealth UK EquityLloyds Wealth Management (ACD) Ltd | Not classified | 2.70% | +11.3% | Pro | Pro | 0.72% | £1.5B | Free account |
| Kopernik International Fund | Not classified | 2.62% | n/a | Pro | Pro | n/a | £513.3M | Free account |
| ACS UK Equity Tracker FundBlackRock | Passive | 2.30% | +13.4% | Pro | Pro | 0.01% | £4.4B | Free account |
| Top European ResearchEurizon | Active | 1.91% | +8.3% | Pro | Pro | 1.94% | £3.3B | Free account |
| Allianz ThematicaAllianz Global Investors | Active | 1.04% | +0.3% | Pro | Pro | 1.95% | £1.9B | Free account |
| Aviva Life Distribution AL/PSBAviva Life & Pension | Active | 0.70% | +0.8% | Pro | Pro | n/a | £1.9B | Free account |
| Aviva Life Distribution MLCAviva Life & Pension | Not classified | 0.70% | +1.1% | Pro | Pro | n/a | £1.9B | Free account |
| Aviva Life Distribution ALAviva Life & Pension | Not classified | 0.70% | +0.9% | Pro | Pro | n/a | £1.9B | Free account |
| Aviva Life Deferred Distribution AL/PSBAviva Life & Pension | Active | 0.70% | +6.8% | Pro | Pro | n/a | £1.6B | Free account |
Weight is the share of each fund in this company. Returns are GBP, to month end. FE quartile compares a fund with its FE sector over the same year. Fund size is in GBP. Source: FE fundinfo. Past performance is not a reliable guide to future returns.
Technology equities tumbled with Nasdaq dropping nearly 6%, marking its worst session since April 2025. AI-related stocks declined sharply, dragging the S&P 500 down significantly.
Following Democratic election victory, Brent crude fell nearly 9% below $95/barrel and European TTF gas fell 4% as markets anticipated reduced U.S.-Iran conflict escalation risks.
The US held midterm elections as markets remained uncertain about Iran diplomatic prospects. Reports indicated the US and Israel had contingency plans for renewed military action after the elections.
The major cryptocurrency exchange Binance experienced a significant $6.3 billion hack that dominated investor attention. Bitcoin declined 2.24% for the week as crypto markets faced selling pressure from AI spending co...
The US government approved a major weapons sale to Ukraine, reinforcing defense spending tailwinds amid ongoing geopolitical conflicts.
A major global cyberattack on Binance resulted in an estimated $6.3 billion loss, described as potentially the largest crypto heist ever according to Chainalysis. The impact spread across crypto markets immediately in...
The Nasdaq suffered its worst day since June as investors dumped technology and AI stocks. Advanced Micro Devices fell 11%, Nvidia dropped 4%, and Broadcom fell 5% amid AI sector scrutiny.
The Department of Homeland Security imposed a UFLPA blockade on October 29, 2026, against Chinese genomics giants BGI Group and MGI Tech due to biosecurity concerns.
The Bank of Canada increased its overnight rate by 25 basis points to 2.5%, the first rate hike since July 2023, citing persistent high oil prices and elevated inflation.
The World Bank reported that commodity prices are set to rise 23% in 2026 with energy prices climbing 32%, driven by Middle East conflict drawdown of oil inventories and disrupted grain shipments from geopolitical ten...
Israel conducted parliamentary elections to the Knesset on October 27, 2026, which decided the future of Prime Minister Benjamin Netanyahu amid ongoing Middle East tensions.
Anthropic's IPO filing announcement revived enthusiasm for the artificial intelligence sector. Semiconductor makers rallied with the iShares Semiconductor ETF gaining nearly 3%.
Counts events recorded in our market events log, not news volume. Information only, not advice.
Source: FE fundinfo. Holdings are each fund’s ten largest positions as reported, so a fund can have more of this company than shown or none at all. Returns are GBP to month end unless stated. Past performance is not a reliable guide to future returns. Capital is at risk. Information only, not advice or a recommendation.
Cookie settings
Choose which cookies we may use. Essential cookies are always on because the site needs them to work. Analytics cookies are off until you turn them on. Cookieless page-view signals to Google Analytics are sent before you choose and if you reject; they set no cookies. Read the privacy notice