August’s BOTB once again has a familiar air about it with 22 funds from July’s BOTB retaining their place. Once again it demonstrates the resilience and performance of the funds within the BOTB selection over the last few months.
The average return from the BOTB for the month of July was 1.6% which again is impressive when you consider that the portfolio only had a 48% exposure to equities. Comparable professionally managed funds on average returned between 0.09% and 0.39% as shown in the chart below. As I pointed out last time, comparing against the Mixed Investment 40-85% Shares sector average is not a fair comparison for the BOTB given that most funds within the aforementioned sector have up to 85% exposure to equities. But it once again demonstrates that in a month when equity markets continued to rally, and you would, therefore have expected the sector average for the Mixed Investment 40-85% Shares sector to outperform, the BOTB produced a better return.
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