Of the 30 funds in September's BOTB selection 17 funds have retained their place after another volatile month for stock markets. Ultimately the BOTB finished more or less in line with its benchmarks, save for a dip on the last day of the month.
The chart above only looks at the average across all of the funds within the BOTB. The top-performing funds in September BOTB are highlighted in the table below and it is comprised mostly of funds with exposure to emerging market and Asian equities which benefited from the surprise China stimulus announcement.
Fund September 2024 % return Ninety One Asia Pacific Franchise 10.23 L&G Asia Pacific Equity Income 4.46 Man GLG High Yield Opportunities 2.3 FSSA Indian Subcontinent All-Cap 1.86 Man GLG Absolute Value 1.45At the other end of the scale, the biggest losers were generally funds with exposure to UK equities which lagged other global markets, partly a result of the UK economic outlook becoming clouded by the prospect of a painful Autumn Budget.
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