Commentary
After a tricky November, December proved a strong month for the BOTB as you can clearly see on the chart below which shows the BOTB versus the average sector performance of professionally managed mixed-asset funds with varying equity exposures.
There were also some strong individual fund performances from members of the BOTB as shown below. Two of which, namely Fidelity UK Smaller Companies and Invesco Global Emerging Markets (UK), I bought via my £50k portfolio at the start of December.
Fund % return in Dec 2020 Barings Eastern Trust 7.12 MI Chelverton UK Equity Growth 7.05 Fidelity UK Smaller Companies 6.19 Invesco Global Emerging Markets (UK) 5.71 ASI Asian Pacific Growth Equity 5.58 Baillie Gifford Global Stewardship 4.81 Threadneedle Global Emerging Market Equity 4.67
With the exception of JPM Japan, every fund within the BOTB rose at least 1% during December, a fantastic result, riding the Santa rally into the year-end.
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