A baker’s dozen of funds have been added to Bestinvest’s Best Funds List, with six strategies axed from the latest roundup. The list is compiled by dividing the market into different sectors and scouring each to pick the funds Bestinvest thinks are “capable of doing better than their peers and the benchmark”.
The firm makes no promises or guarantees beyond stating it has “real conviction” in the funds it deems to have made the grade.
The six casualties in the September list, all of which appeared in the February edition, are listed below. No details are provided about why the funds were cut.
CT European Real Estate Securities: The £31m fund is run by Alban Lhonneur and has lost 25.4% in the eight months to 31 August, on par with its benchmark—the FTSE EPRA/Nareit—which is down 25.1%. Its biggest geographical exposure is the UK (39.3%), followed by Germany (17.8%) and France (15.1%).
EdenTree Responsible and Sustainable European Equity: Managed by Chris Hiorns and David Osfield, nearly a third of the £108m fund is invested in French assets. Over the six months to 31 July, the strategy lost 8.5% versus the IA Europe ex-UK sector which was down 6.4%.
Fidelity Strategic Bond: The £747m fund is co-managed by Claudio Ferrarese and Tim Foster (pictured) and has lost 11% in the seven months to 31 July. Its biggest geographical exposures are to the US and UK, accounting for 23.5% and 18.2%, respectively.
Jupiter UK Special Situations: Run by Ben Whitmore, the £2bn fund includes BP and Shell among its top four holdings. In terms of performance, the fund has delivered 4.5% so far this year to 31 July versus the FTSE All Share which lost 0.4% over the same period.
Jupiter UK Specialist Equity: The £169m fund is run by Tim Service and has lost 6.8% in the six months to 31 July, while its benchmark the US Federal Reserve Overnight Rate delivered a return of 0.3%.
Syncona: The £1.3bn healthcare-focused investment trust, in the three months to 30 June, saw its NAV rise 1.8% on the back of positive foreign exchange movements.
Baker’s dozen of additions
While Jupiter may have seen two of its funds drop off the Bestinvest list, its Japan Income fund made the grade. The full list of additions is as follows:
- – 3i Infrastructure
- – Baillie Gifford Responsible Global Equity Income
- – Federated Hermes Asia ex-Japan Equity
- – Finsbury Growth & Income
- – Guinness Global Equity Income
- – Guinness Sustainable Energy
- – iShares $ Treasury Bond 7-10Y ETF
- – Jupiter Japan Income
- – Lazard Rathermore Alternative
- – Mercantile IT
- – Premier Miton Corporate Bond Monthly Income
- – Premier Miton US Opportunities
- – Temple Bar
