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

15 min Read Published: 07 Dec 2019
Commentary

November turned out to be a strong month for equity markets as discussed in this month's newsletter. November's BOTB had some stand out performances as shown in the table below.

Fund % return in November L&G Global Health & Pharmaceuticals Index Trust 4.53 Slater Growth 3.55 AXA Framlington UK Growth 3.47 Marlborough US Multi-Cap Income 3.06 Royal London Sustainable Leaders Trust 2.82 VT Gravis Clean Energy Income 2.62

In a month where risk was rewarded, only 5 funds didn't make a profit and these were understandably bond/gilt funds, yet the losses were under 0.5%. December's BOTB continues the recent trend of steadily reducing the selections unhedged US equity exposure despite US equities hitting new all-time highs in dollar terms. Again, this is reflective of a wider trend of reducing the BOTB's currency exposure across its overseas holdings more widely, while at the same time increasing the BOTB's domestic equity exposure.

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