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

Of the 30 funds in July's BOTB selection 18 funds have retained their place after what was a tricky month for the BOTB. The BOTB outperformed its benchmark but not the average professionally managed multi-asset fund. It suggests that the asset mix hindered the BOTB's performance. The chart below shows how it was a month of two halves with the portfolio's exposure to US tech stocks hindering performance as the month progressed.

Obviously, the chart above only looks at the average across all of the funds within the BOTB. The top-performing funds in July's BOTB are highlighted in the table below and contain funds that had UK equity exposure, which benefited from the political stability in the UK. In addition, equity income funds, which are more defensively positioned than their growth orientated counterparts, and bonds funds (not shown) were among the best performers during a month where growth stocks (such as US tech stocks) faltered.