Over one year to September 22, two out of the 46 funds in the Investment Management Association (IMA) Balanced Managed (funds of funds only) sector with a one-year track record, produced a positive return. They were the £24m CF Arch Cru Balanced fund and the £47m CF Miton Strategic Portfolio.
The CF Cru Balanced fund produced a return of 6.11% over one year, while the CF Miton Strategic Portfolio, produced a return of 1.88%, according to Morningstar. The average IMA Balanced Managed sector return over one year was a fall of 14.15%.
Over three years to September 22, the CF Arch Cru Balanced fund is again the top-ranking fund in the peer group. It produced a return of 25.39%, while the sector average was 3.9%. It is managed by Arch Financial Products and distributed by Cru. Minimum investment in the CF Arch Cru Balanced fund is £1,500, while the management fee is 1.35%.
Of the 40 funds in the sector with a three-year track record, 12 declined in value. The worst performers over three years were the MLC Growth portfolio, SW Progressive and Snowdonia Balanced funds. They fell by 4.94%, 3.34% and 3.09%, respectively.