Eleven funds from last month's 30 Best of the Best (BOTB) Selection regained their position in this month's shortlist. Most of those that didn't remain in their respective Best Funds by Sector (BFBS) lists. As mentioned in June's monthly newsletter, May was a great month to be an investor. That's not to say the month didn't pass without incident, the eruption of Trumpgate perhaps the biggest blip. However investors continue to buy-the-dips for now and it drove equity markets to numerous all-time highs.
While some of the funds within the BOTB have changed, the overall asset mix remains broadly the same (see bottom of the article). Global funds have gained favour over direct US equity funds, although the former are still predominantly US focused. The strengthening euro vs sterling as well as diminished political risks in Europe have helped cement a number of European equity funds.
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