80-20 Investor Best of the Best Selection – November 2025 Update

Commentary

While last month’s BOTB selection underperformed both of its benchmarks for the first time since March (see the chart below) it was still another strong monthly performance for the selection, as it rose 3.38% in October.

Eighteen funds have therefore retained their position in this month's BOTB, with only two funds from last month's selection not finishing October in positive territory. Digging deeper into the performance of individual funds, Barings Korea Trust, a new entry last month, had an unbelievably strong October, rising over 20%. That represents one of the strongest monthly performances of a fund in the BOTB since I first published the BOTB back in 2014. Aside from Barings Korea Trust, there were other incredibly strong performances, although they pale in comparison to Baring Korea Trust. AXA Framlington Global Technology, Schroder Asian Income, Barings Eastern Trust and Fidelity Japan all achieved a return of over 7% during October, a month when Asian equities and US tech stocks rallied strongly. Japanese equities, in particular, benefited from renewed political stability after the country elected its first female Prime Minister.

Fund	October 2025 % return
Barings Korea Trust	20.46
AXA Framlington Global Technology	8.48
Schroder Asian Income	7.77
Barings Eastern Trust	7.48
Fidelity Japan	7.39

At the other end of the scale, there was a reversal of fortunes for both Gold and Chinese equities. Gold mining stocks were due a pullback after they had surged during the last quarter. As gold lost its Midas touch it sent mining stocks (and therefore BlackRock Gold & General) lower, giving up the gains of early October.

Fund	October 2025 % return
Schroder Strategic Bond	0.2
L&G Multi-Asset Target Return	0.11
BNY Mellon Global High Yield Bond	0.1
BlackRock Gold & General	-1.03
Jupiter China	-2.32

In terms of asset mix, November's BOTB sees the biggest change in months. There has been a reduction in exposure to Chinese and European equities in favour of Asian and North American equities. It means that while UK Equities remain the largest single component of the equity portion of the BOTB, the geographical allocation is now split fairly evenly across UK, North America, Asia, Emerging Markets, European and Japanese equities. The full asset breakdown can be found at the foot of this article.

Below I list this month's selection in full with the 18 funds that regained their place in black while the new additions are in green. As usual, I have included the full list sorted alphabetically by name and then by risk category.

November's Best of the Best Selection - (A-Z by fund name)

(funds unchanged from last month are in black while new additions are in green):

Name	Sector	ISIN Code	Risk
abrdn Emerging Markets Equity	Global Emerging Markets	GB0033228197	Higher risk
Artemis Global Income	Global Equity Income	GB00B5N99561	Medium risk
Artemis High Income	Sterling Strategic Bond	GB00B2PLJN71	Lower risk
Artemis Monthly Distribution	Mixed Investment 20-60% Shares	GB00B6TK3R06	Lower risk
Artemis SmartGARP European Equity	Europe Excluding UK	GB00B2PLJD73	Medium risk
Artemis SmartGARP UK Equity	UK All Companies	GB00B2PLJM64	Medium risk
AXA Framlington Global Technology	Technology & Technology Innovation	GB00B4W52V57	Higher risk
AXA Framlington Japan	Japan	GB00BRJZVR88	Medium risk
Baillie Gifford Pacific	Asia Pacific Excluding Japan	GB0006063126	Higher risk
Barings Eastern Trust	Asia Pacific Excluding Japan	GB00B2PSLG53	Higher risk
Barings Korea Trust	Specialist	GB0000840719	Higher risk
BNY Mellon Global High Yield Bond	Sterling High Yield	GB00B7KWF216	Lower risk
BNY Mellon Multi-Asset Diversified Return	Targeted Absolute Return	GB00B81C8395	Lower risk
Fidelity Asia	Asia Pacific Excluding Japan	GB00B6Y7NF43	Higher risk
Fidelity Emerging Markets	Global Emerging Markets	GB00B9SMK778	Higher risk
Fidelity Japan	Japan	GB00B882N041	Medium risk
Fidelity Multi Asset Income	Mixed Investment 0-35% Shares	GB00BJ4L7S87	Lower risk
Invesco High Yield (UK)	Sterling High Yield	GB00B3RW7649	Lower risk
Jupiter Merlin Conservative Select	Mixed Investment 0-35% Shares	GB00B8GDMB34	Lower risk
L&G Global Technology Index Trust	Technology & Technology Innovation	GB00B0CNH163	Higher risk
L&G Strategic Bond	Sterling Strategic Bond	GB00B1TWMW95	Lower risk
Liontrust Russia	Specialist	GB00B86WB793	Higher risk
M&G Recovery	UK All Companies	GB00B7759Y38	Medium risk
Man High Yield Opportunities Fund	Sterling High Yield	GB00BJK3W057	Lower risk
Man Sterling Corporate Bond Fund	Sterling Corporate Bond	GB00BNLYQX62	Lower risk
Ninety One UK Special Situations	UK All Companies	GB00B1XFJS91	Medium risk
Premier Miton Multi-Asset Growth & Income	Mixed Investment 40-85% Shares	GB00B78H4K93	Medium risk
Schroder European Recovery	Europe Excluding UK	GB0007221889	Medium risk
T. Rowe Price US Large Cap Growth Equity	North America	GB00BD5FHW12	Higher risk
UBS UK Equity Income	UK Equity Income	GB00B4W58959	Medium risk

November's Best of the Best Selection - (grouped by risk)

(funds unchanged from last month are in black while new additions are in green):

Name	Sector	ISIN Code	Risk
Artemis High Income	Sterling Strategic Bond	GB00B2PLJN71	Lower risk
Artemis Monthly Distribution	Mixed Investment 20-60% Shares	GB00B6TK3R06	Lower risk
BNY Mellon Global High Yield Bond	Sterling High Yield	GB00B7KWF216	Lower risk
BNY Mellon Multi-Asset Diversified Return	Targeted Absolute Return	GB00B81C8395	Lower risk
Fidelity Multi Asset Income	Mixed Investment 0-35% Shares	GB00BJ4L7S87	Lower risk
Invesco High Yield (UK)	Sterling High Yield	GB00B3RW7649	Lower risk
Jupiter Merlin Conservative Select	Mixed Investment 0-35% Shares	GB00B8GDMB34	Lower risk
L&G Strategic Bond	Sterling Strategic Bond	GB00B1TWMW95	Lower risk
Man High Yield Opportunities Fund	Sterling High Yield	GB00BJK3W057	Lower risk
Man Sterling Corporate Bond Fund	Sterling Corporate Bond	GB00BNLYQX62	Lower risk
Artemis Global Income	Global Equity Income	GB00B5N99561	Medium risk
Artemis SmartGARP European Equity	Europe Excluding UK	GB00B2PLJD73	Medium risk
Artemis SmartGARP UK Equity	UK All Companies	GB00B2PLJM64	Medium risk
AXA Framlington Japan	Japan	GB00BRJZVR88	Medium risk
Fidelity Japan	Japan	GB00B882N041	Medium risk
M&G Recovery	UK All Companies	GB00B7759Y38	Medium risk
Ninety One UK Special Situations	UK All Companies	GB00B1XFJS91	Medium risk
Premier Miton Multi-Asset Growth & Income	Mixed Investment 40-85% Shares	GB00B78H4K93	Medium risk
Schroder European Recovery	Europe Excluding UK	GB0007221889	Medium risk
UBS UK Equity Income	UK Equity Income	GB00B4W58959	Medium risk
abrdn Emerging Markets Equity	Global Emerging Markets	GB0033228197	Higher risk
AXA Framlington Global Technology	Technology & Technology Innovation	GB00B4W52V57	Higher risk
Baillie Gifford Pacific	Asia Pacific Excluding Japan	GB0006063126	Higher risk
Barings Eastern Trust	Asia Pacific Excluding Japan	GB00B2PSLG53	Higher risk
Barings Korea Trust	Specialist	GB0000840719	Higher risk
Fidelity Asia	Asia Pacific Excluding Japan	GB00B6Y7NF43	Higher risk
Fidelity Emerging Markets	Global Emerging Markets	GB00B9SMK778	Higher risk
L&G Global Technology Index Trust	Technology & Technology Innovation	GB00B0CNH163	Higher risk
Liontrust Russia	Specialist	GB00B86WB793	Higher risk
T. Rowe Price US Large Cap Growth Equity	North America	GB00BD5FHW12	Higher risk

The funds that dropped out of the Best of the Best Selection

For reference, the funds from last month that dropped out of the 80-20 Investor Best of the Best list are listed below:

Name	Sector	ISIN Code	Risk
BlackRock Gold & General	Specialist	GB00B5ZNJ896	Higher risk
Chelverton Asset Mgmt Ltd MI Chelverton European Select	Europe Excluding UK	GB00BFNL2N15	Medium risk
Jupiter China	China/Greater China	GB00B1DTDX49	Higher risk
L&G Mixed Investment Income 0-35%	Mixed Investment 0-35% Shares	GB00BYW6BT91	Lower risk
L&G Multi-Asset Target Return	Targeted Absolute Return	GB00BD97XY71	Lower risk
Liontrust Latin America	Latin America	GB00B909HH53	Higher risk
Premier Miton Strategic Monthly Income Bond	Sterling Strategic Bond	GB00BMWVS110	Lower risk
Premier Miton UK Multi Cap Income	UK Equity Income	GB00B41NHD71	Medium risk
Schroder Asian Income	Asia Pacific Excluding Japan	GB00B5BJ7M17	Medium risk
Schroder Recovery	UK All Companies	GB00B3VVG600	Medium risk
Schroder Strategic Bond	Sterling Strategic Bond	GB00B7FPS593	Lower risk
WS Morant Wright Nippon Yield	Japan	GB00B42MKS95	Higher risk

The Asset mix

The current asset mix of the new Best of the Best Selection is shown below with last month's figures in brackets:

• Global Fixed Interest 21% (19%)
• UK Fixed Interest 2% (2%)
• Alternatives 10% (6%) - includes absolute return strategies
• North American Equities 11% (5%)
• Emerging Market Equities 8% (9%)
• Asian Equities 10% (7%)
• European Equities 9% (13%)
• Japanese Equities 8% (8%)
• UK Equities 14% (15%)
• Cash 0% (3%)
• China Equities 0% (3%)
• Property Equities 0% (0%)
• Other International Equities 7% (6%)
• Commodities and Energy 0% (4%)

80-20 Investor's outperformance continues

As you know the Best of the Best Selection is the shortlist of the best funds highlighted by our 80-20 Investor algorithm split into high, medium and low-risk categories. This shortlist is updated at the start of every month.

The green line in the chart below (click to enlarge) shows how a portfolio would have performed since inception (in August 2014) if it had been split equally between the Best of the Best Selection funds and then switched each month when each new shortlist was published. I have also charted the performance against that of the average cautious managed fund (blue line) and the average managed fund with up to 85% equity exposure (red line). In reality, the 80-20 Investor's asset allocation typically lies between these two as it usually has 40-60% exposure to equities at any one time. So they provide a good comparison of how fund managers with a similar remit have fared over the same period.

As you can see, since launch in August 2014 the 80-20 Investor BOTB has outperformed the average managed fund and the market and has doubled in value.

 

 

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