- Europe and Vietnam are two themes highlighted this month
- All nine past "Top 10" IT portfolios are now beating benchmarks
Since November's report, a stand out theme in the ten-trust selections has been UK-equity recovery plays. Often the 10 trust portfolios have featured the maximum quota of 5 UK funds (the portfolio rules means only five trusts from the same mainstream theme are allowed). There has also been a particular focus on UK trusts investing in small caps and value stocks. Such trusts have proved among the best ways to profit from the so-called “reflation trade”.
However, as glorious as the returns from UK value and small caps have been, this wonderful run seems to be losing steam. Steam is something the Alpha screening criteria likes. That’s due to its focus on momentum as well as value. So this month we are moving on to pastures new.
Here's the strategy's long term record:
And this is how the 9 reports since launch last July have performed (all are ahead of both the MSCI World and FTSE All Share indices):
| 20-Jul-20 | 11-Sep-20 | ||
| Name | Total Return | Name | Total Return |
| Alpha ITs | 42.1% | Alpha ITs | 33.6% |
| MSCI World | 19.5% | MSCI World | 17.6% |
| FTSE All Share | 20.2% | FTSE All Share | 22.7% |
| 19-Oct-20 | 16-Nov-20 | ||
| Name | Total Return | Name | Total Return |
| Alpha ITs | 30.4% | Alpha ITs | 21.9% |
| MSCI World | 16.9% | MSCI World | 11.7% |
| FTSE All Share | 24.5% | FTSE All Share | 13.7% |
| 25-Jan-21 | 22-Feb-21 | ||
| Name | Total Return | Name | Total Return |
| Alpha ITs | 10.7% | Alpha ITs | 13.6% |
| MSCI World | 3.0% | MSCI World | 9.0% |
| FTSE All Share | 8.2% | FTSE All Share | 8.8% |
| 29-Mar-21 | 27-Apr-21 | ||
| Name | Total Return | Name | Total Return |
| Alpha ITs | 10.7% | Alpha ITs | 2.5% |
| MSCI World | 5.7% | MSCI World | 1.5% |
| FTSE All Share | 6.0% | FTSE All Share | 2.2% |
| 24-May-21 | |||
| Name | Total Return | ||
| Alpha ITs | 4.6% | ||
| MSCI World | 2.5% | ||
| FTSE All Share | 0.6% | ||
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