80-20 Investor Best of the Best Selection – April 2024 Update

Commentary

Of the 30 funds in March's BOTB, selection 19 funds have retained their place in April's selection after yet another strong monthly performance where only two funds failed to register a positive return. The BOTB as a group rose 2.58%, following February's impressive rise of 2.91%. However, a last day rally for its benchmarks saw the BOTB marginally underperform them, but it doesn't take the shine off another good month for the BOTB.

Obviously, the chart above only looks at the average across all of the funds within the BOTB and there is a wide range of performances among the funds that make up the selection. The top-performing funds in April's BOTB are highlighted in the table below. Once again, there were some strong performances from funds Artemis US Select and FTF Templeton Global Leaders. It's good to see two of the funds listed are in my own £50k portfolio (namely Ninety One UK Special Situations and Artemis European Select) but they are recent additions.

Fund March's 2024 % return
Artemis Global Income 7.58
Ninety One UK Special Situations 6.10
Artemis European Select 5.39
Artemis US Select 5.34
FTF Templeton Global Leaders 4.84

At the other end of the scale high yield bond funds and emerging market equities struggled. Disappointingly three of the funds listed are in my own £50k portfolio, but at least any losses were minimal.

Fund March 2024 % return
Artemis SmartGARP Global Emerging Markets Equity 0.31
Liontrust India 0.31
CT High Yield Bond 0.11
abrdn High Yield Bond -0.18
Thesis TM Tellworth UK Select -0.37

In terms of asset mix, not much has changed this month given that 19 of the funds remain the same. As can be seen from the asset mix comparison (see later in this article) the main difference is a slight increase in global bond exposure. Overall the total equity exposure has reduced marginally, from 65% to 64%.

Below I list this month's selection in full with the 19 funds that regained their place in black while the new additions are in green. As usual, I have included the full list sorted alphabetically by name and then by risk category.

April's Best of the Best Selection - (A-Z by fund name)

(funds unchanged from last month are in black while new additions are in green):

Name Sector ISIN Code Risk
abrdn Europe ex UK Equity Europe Excluding UK GB00BPBR9T62 Higher risk
abrdn High Yield Bond Sterling High Yield GB00B79RR984 Lower risk
Artemis European Select Europe Excluding UK GB00B6WFCR53 Medium risk
Artemis Global Income Global Equity Income GB00B5N99561 Medium risk
Artemis US Select North America GB00BMMV5105 Medium risk
Aviva Inv Global Equity Income Global Equity Income GB0030441918 Medium risk
Aviva Inv Multi Strategy Target Return Targeted Absolute Return GB00BMTRW090 Lower risk
CT Emerging Market Bond Global EM Bonds - Hard Currency GB0002365608 Lower risk
CT High Yield Bond Sterling High Yield GB0008371014 Lower risk
CT Sustainable Opportunities Global Equity Global GB0008464207 Higher risk
Fidelity Extra Income Sterling Strategic Bond GB00B469P257 Lower risk
Fidelity Index Japan Japan GB00BHZK8872 Medium risk
FP Pictet Multi Asset Portfolio Targeted Absolute Return GB00BVYTTC41 Lower risk
FTF Franklin US Opportunities North America GB00B7KCG406 Higher risk
FTF Templeton Global Leaders Global GB00B7K6LK38 Medium risk
Invesco Global Focus (UK) Global GB00B3KJYG12 Higher risk
Invesco High Yield (UK) Sterling High Yield GB00B3RW7649 Lower risk
Jupiter India India/Indian Subcontinent GB00B2NHJ040 Higher risk
L&G Global Technology Index Trust Technology & Technology Innovation GB00B0CNH163 Higher risk
Liontrust Balanced Mixed Investment 40-85% Shares GB00B85K7211 Medium risk
Liontrust India India/Indian Subcontinent GB00B1L6DV51 Higher risk
Liontrust Japan Equity Japan GB00BXDZFF23 Medium risk
Liontrust Sustainable Future Global Growth Global GB0030030067 Higher risk
Man GLG High Yield Opportunities Sterling High Yield GB00BJK3W057 Lower risk
Man GLG Sterling Corporate Bond Sterling Corporate Bond GB00BNLYQX62 Lower risk
Ninety One UK Special Situations UK All Companies GB00B1XFJS91 Higher risk
Schroder High Yield Opportunities Sterling High Yield GB00B83RDY83 Lower risk
T. Rowe Price Global Technology Equity Technology & Technology Innovation GB00BD446K01 Higher risk
T. Rowe Price US Large Cap Growth Equity North America GB00BD5FHW12 Medium risk
UBS US Growth North America GB00B7VHZX64 Medium risk

April's Best of the Best Selection - (grouped by risk)

Here is April's shortlist grouped by their risk category (funds unchanged from last month are in black while new additions are in green):

Name Sector ISIN Code Risk
abrdn High Yield Bond Sterling High Yield GB00B79RR984 Lower risk
Aviva Inv Multi Strategy Target Return Targeted Absolute Return GB00BMTRW090 Lower risk
CT Emerging Market Bond Global EM Bonds - Hard Currency GB0002365608 Lower risk
CT High Yield Bond Sterling High Yield GB0008371014 Lower risk
Fidelity Extra Income Sterling Strategic Bond GB00B469P257 Lower risk
FP Pictet Multi Asset Portfolio Targeted Absolute Return GB00BVYTTC41 Lower risk
Invesco High Yield (UK) Sterling High Yield GB00B3RW7649 Lower risk
Man GLG High Yield Opportunities Sterling High Yield GB00BJK3W057 Lower risk
Man GLG Sterling Corporate Bond Sterling Corporate Bond GB00BNLYQX62 Lower risk
Schroder High Yield Opportunities Sterling High Yield GB00B83RDY83 Lower risk
Artemis European Select Europe Excluding UK GB00B6WFCR53 Medium risk
Artemis Global Income Global Equity Income GB00B5N99561 Medium risk
Artemis US Select North America GB00BMMV5105 Medium risk
Aviva Inv Global Equity Income Global Equity Income GB0030441918 Medium risk
Fidelity Index Japan Japan GB00BHZK8872 Medium risk
FTF Templeton Global Leaders Global GB00B7K6LK38 Medium risk
Liontrust Balanced Mixed Investment 40-85% Shares GB00B85K7211 Medium risk
Liontrust Japan Equity Japan GB00BXDZFF23 Medium risk
T. Rowe Price US Large Cap Growth Equity North America GB00BD5FHW12 Medium risk
UBS US Growth North America GB00B7VHZX64 Medium risk
abrdn Europe ex UK Equity Europe Excluding UK GB00BPBR9T62 Higher risk
CT Sustainable Opportunities Global Equity Global GB0008464207 Higher risk
FTF Franklin US Opportunities North America GB00B7KCG406 Higher risk
Invesco Global Focus (UK) Global GB00B3KJYG12 Higher risk
Jupiter India India/Indian Subcontinent GB00B2NHJ040 Higher risk
L&G Global Technology Index Trust Technology & Technology Innovation GB00B0CNH163 Higher risk
Liontrust India India/Indian Subcontinent GB00B1L6DV51 Higher risk
Liontrust Sustainable Future Global Growth Global GB0030030067 Higher risk
Ninety One UK Special Situations UK All Companies GB00B1XFJS91 Higher risk
T. Rowe Price Global Technology Equity Technology & Technology Innovation GB00BD446K01 Higher risk

 

The funds that dropped out of the Best of the Best Selection

For reference, the funds from last month that dropped out of the 80-20 Investor Best of the Best list are listed below:

Name Sector ISIN Code Risk
Artemis SmartGARP Global Emerging Markets Equity Global Emerging Markets GB00BW9HL132 Higher risk
AXA Framlington Global Technology Technology & Technology Innovation GB00B4W52V57 Higher risk
CT European Select Europe Excluding UK GB0001529345 Higher risk
Fidelity Global Dividend Global Equity Income GB00B7778087 Lower risk
Invesco Global Equity Income (UK) Global Equity Income GB00B3FD1Z66 Medium risk
Jupiter Monthly Income Bond Sterling Strategic Bond GB00B1XG8187 Lower risk
Liontrust Global Dividend Global Equity Income GB00B9225P64 Higher risk
Man GLG Absolute Value Targeted Absolute Return GB00BF1X8084 Lower risk
Schroder Strategic Credit Sterling Strategic Bond GB00BJZ2ZC09 Lower risk
Thesis TM Tellworth UK Select Targeted Absolute Return GB00BNY7YM73 Lower risk
WS Morant Wright Nippon Yield Japan GB00B42MKS95 Medium risk

The Asset mix

The current asset mix of the new Best of the Best Selection is shown below with last month's figures in brackets:

  • Global Fixed Interest 18% (14%)
  • UK Fixed Interest 3% (3%)
  • Alternatives 13% (16%) - includes absolute return strategies
  • North American Equities 29% (29%)
  • American Emerging Market Equities 0% (0%)
  • Asian Emerging Market Equities 8% (10%)
  • European Equities 12% (13%)
  • Japanese Equities 7% (7%)
  • UK Equities 5% (6%)
  • Cash 2% (2%)
  • China Equities 0% (0%)
  • Property Equities 0% (0%)
  • Other International Equities 3% (0%)
  • Commodities and Energy 0% (0%)

80-20 Investor's outperformance continues

As you know the Best of the Best Selection is the shortlist of the best funds highlighted by our 80-20 Investor algorithm split into high, medium and low-risk categories. This shortlist is updated at the start of every month.

The green line in the chart below (click to enlarge) shows how a portfolio would have performed since inception (in August 2014) if it had been split equally between the Best of the Best Selection funds and then switched each month when each new shortlist was published. I have also charted the performance against that of the average cautious managed fund (blue line) and the average managed fund with up to 85% equity exposure (red line). In reality, the 80-20 Investor's asset allocation typically lies between these two as it usually has 40-60% exposure to equities at any one time. So they provide a good comparison of how fund managers with a similar remit have fared over the same period.

As you can see, since launch in August 2014 the 80-20 Investor BOTB has outperformed the average managed fund and the market.

 

 

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Neither MoneytotheMasses.com or 80-20 Investor nor its content providers are responsible for any damages or losses arising from any use of this information. Past performance is no guarantee of future results.
Funds invest in shares, bonds, and other financial instruments and are by their nature speculative and can be volatile. You should never invest more than you can safely afford to lose. The value of your investment can go down as well as up so you may get back less than you originally invested. Tax rules can change and benefits depend on individual circumstances.
Information provided by MoneytotheMasses.com or 80-20 Investor is for general information only and not intended to be relied upon by readers in making (or not making) specific investment decisions.
Appropriate independent advice should be obtained before making any such decisions. Leadenhall Learning (owner of MoneytotheMasses.com or 80-20 Investor) and its staff do not accept liability for any loss suffered by readers as a result of any such decisions.
The tables and graphs are derived from data supplied by Trustnet. All Rights Reserved.

 

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