Of the 30 funds in November BOTB selection 16 funds have retained their place which is more than last time, which perhaps isn't surprising given that the BOTB outperformed its benchmarks as shown below. One of the key themes of November was the outperformance of US stocks against other global stock markets, especially from emerging countries, following the US election result. As such, the BOTB's pivot away from emerging market stocks into US equities ahead of the US election boosted its November performance.
Digging deeper into the performance of the BOTB during November, the table below highlights the top 5 performing funds for the month. These were made up of those funds with the highest US equity exposure.
Fund November 2024 % return Vanguard US Equity Index 7.86 T. Rowe Price US Large Cap Growth Equity 7.56 UBS S&P 500 Index 7.11 Premier Miton Global Infrastructure Income 6.67 Vanguard FTSE Developed World ex-UK Equity Index 5.65Conversely, only three funds fell in value during November.
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