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

Commentary

Of the 30 funds in June's BOTB, 17 funds have retained their place in July's selection, which is the highest number for some time. The chart below shows the average performance of the BOTB during June (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 (grey line) and the average managed fund with up to 85% equity exposure (purple line). 

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

Fund June 2023 % return MI Metropolis Value 2.96 Man GLG Japan Core 2.94 T. Rowe Price US Large Cap Growth Equity 2.34 Troy Asset Management Ltd Trojan Global Equity 2.23 Royal London Global Sustainable Equity 2.07

At the other end of the scale, European equity funds had a subdued June along with bond funds and other low-risk alternatives.