Top Picks – October 2022 – Funds Selection

We are showing here a selection of funds that might be of interest to you, either due to their recent outstanding performance, the attractive return potential or diversification benfit they may offer in the given market conditions.

Among actively managed equity funds, absolute returns continued to be very disappointing in September and in 2022 as a whole. YTD performances are close to erase the last 3 years’ returns in USD for most of them.

US Equity funds paved the way again this month in terms of alpha generation with Artemis US Smaller Companies (+1.4%) outperforming its benchmark.

Emerging Markets funds were another bucket of outperformance, the Artemis SmartGARP Global EM (+1.4%) and the Vontobel mtx Sustainable Asian Leaders (+0.9%) were the best alpha generators. GemEquity (+0.7%) benefited from the steep underweight position in both Korea and Taiwan as well as the overweight in Chinese A-shares and Brazil.

In fixed income funds, the Barings Global High Yield outperformed its benchmark by 0.4%.

Finally, within mixed-assets funds, the NinetyOne Global Multi-Asset Income fund was the noticeable outperformer (+3.2%) benefiting from its defensive positioning in net equity exposure (12.9%) and short duration in bonds (2.6 years).

All data stands for alpha generation compared with funds’ respective benchmarks, it is not the monthly absolute performance.

All the mentioned funds are exclusively extracted from our OpenList service, a fund selection list provided by WSP for use by the Wealth Managers in Switzerland.

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