80-20 Investor Best of the Best Selection – May 2026 Update

April was a month where equity markets rebounded after a difficult March. While the BOTB selection had a positive month, it was a rare occasion where the underlying fund choice, rather than the asset mix, hampered its performance versus its benchmarks. That is because the BOTB had less exposure to large US tech stocks (and therefore the AI theme) than its benchmarks. As the latest 80-20 Investor growth heatmap shows, technology stocks were the big winners during April, turning around an extended period of underperformance versus the wider market. With more of a focus on value stocks than growth stocks, the BOTB rebound was therefore more measured. Also, energy and commodity prices fell during the month as hopes of a Middle East peace deal saw energy prices fall, and therefore the two BOTB funds with exposure to energy stocks/commodities also fell. However, with the geopolitical situation still very volatile, this could change in the coming weeks.