80-20 Investor Best of the Best Selection – August 2019 Update

Commentary

As explained in the latest monthly newsletter, the biggest driver of returns for UK investors during July was the weakness of the pound. As a result, the BOTB performed incredibly well. The table below shows the performance of the top five funds from July's BOTB.

Name July return % AXA Framlington Global Technology 8.85 Marlborough US Multi-Cap Income 8.21 Legg Mason IF Martin Currie North American 7.37 LF Blue Whale Growth 6.55 TB Evenlode Global Income 5.78

In fact the only fund to lose money was the Aberdeen UK Mid Cap Equity fund due to its exposure to smaller companies and therefore to the fortunes of the UK economy and Brexit. The average Mixed Investment 40-85% Shares fund returned 2.85% over the month compared to an average of 3.86% from the BOTB as a whole.

Unsurprisingly 16 funds retain their place in this month's BOTB although there has been some change to the underlying asset mix.