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

Of the 30 funds in August's BOTB selection 20 funds have retained their place after what was a difficult month for stock markets, particularly in Japan and in the US. Ultimately the BOTB finished in line with its benchmark but lagged the average professionally managed multi-asset fund. It suggests that the asset mix hindered the BOTB's performance. The chart below shows how all three slumped in the first few days of August, after investors became concerned over the outlook for US economic growth, before rebounding aggressively.

The chart above only looks at the average across all of the funds within the BOTB. The top-performing funds in August's BOTB are highlighted in the table below and it is comprised solely of the lower risk funds from the selection. This is unsurprising given investors' level of risk aversion at the start of August. Also, bonds tend to perform well when recession fears are driving investors' investment decisions.