80-20 Investor Best of the Best Selection – November 2024 Update

Of the 30 funds in October's BOTB selection 15 funds have retained their place which is the lowest number for some time, which perhaps isn't surprising given that the BOTB struggled versus its benchmarks as shown below. One of the key themes of October was the pound falling by 4% against the US dollar during the month, caused by a combination of investors becoming more cautious over the speed at which the US Federal Reserve will be able to cut interest rates, while at the same time becoming worried about the UK economy and the government's future spending and borrowing plans. As such, the BOTB's UK bias meant that the selection benefited less from any currency boost provided by the weakening pound.

Digging deeper into the performance of the BOTB during October, the table below highlights the top 5 performing funds for the month.