80-20 Investor Best of the Best Selection – June 2023 Update

Commentary

Of the 30 funds in May's BOTB, 14 funds have retained their place in June's selection. The chart below shows the average performance of the BOTB during May (the red line) against a benchmark that is calculated using the respective sector averages for each fund in the BOTB and assuming the same asset mix (the green line). You can see that the BOTB underperformed its benchmark, which was due to its lack of US technology stocks exposure during a month when it was the best performing asset class. 

The top performing funds in May's BOTB are shown below. It's good to see abrdn High Yield Bond and CT European Select, which are both in my £50k portfolio, in the list.

Fund May 2023 % return Man GLG Japan Core Alpha 0.51 IFSL Marlborough High Yield Fixed Interest 0.29 abrdn High Yield Bond 0.2 CT European Select 0.12 Invesco Global Targeted Returns (UK) -0.13

At the other end of the scale, European equity funds struggled the most, alongside Fundsmith Equity which is a recent addition to my £50k portfolio..