We are showing you here a selection of funds that might be of interest to you. They were chosen either for their recent outstanding performance, their attractive return potential or the diversification they offer given market conditions.
Top Picks of the Month
Most asset classes continued to be linked to further monetary policy tightening in the fight against inflation, despite meaningful recession risks. Rate hikes came back at the forefront of investors’ concerns in August sending equities and fixed income further downward. Alternative investments continue to provide some downside protection in such turbulent times.
In a scarce month for alpha generation, actively managed fixed income funds provided again some buffer in a context of credit spread widening. It was particularly true in Emerging Markets Debt where most funds in our selection outperformed their respective benchmarks, achieving positive monthly returns.
The Vontobel Emerging Markets Debt Fund (+1.9% of value added in USD), the BNY Mellon EM Corporate Debt Fund (+1.4%) and the T.Rowe Price Responsible EM Markets Corporates Fund (+1.1%) were the best outperformers.
Most equity funds underperformed during the month, with US small & mid-caps being the exception.
The Granahan US SMID Select Fund and the Artemis US Smaller Companies Fund outperformed their benchmark by +3.8% and +3.5% respectively and ended in positive territory. The latter benefitted from its stock picking in the transitioning US power generation, particularly Constellation Energy and Clean Harbors were among the best monthly performing stocks.
All the mentioned funds are exclusively extracted from our OpenList service, a fund selection list for use by Wealth Managers in Switzerland.
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