80-20 Investor Best of the Best Selection – August 2023 Update

Commentary

Of the 30 funds in July’s BOTB, 21 funds have retained their place in August's selection, which is higher than normal and reflects the selections overall strong performance during July. The chart below shows the average performance of the BOTB during July (the red line) against a benchmark that is calculated using the respective sector averages for each fund in the BOTB and assuming the same asset mix (the green line). You can see that the BOTB marginally underperformed its benchmark, while it outperformed the average cautious managed fund (purple line) and the average managed fund with up to 85% equity exposure (grey line) albeit marginally.

The top performing funds in July's BOTB are shown below and once again are those funds that typically have exposure to large cap US companies as well as Japanese equities.

Fund July 2023 % return Liontrust Global Technology 5.62 Ninety One UK Special Situations 4.55 AXA Framlington Global Technology 4.27 Man GLG Japan Core Alpha 3.4 T.