In a sector that gives funds free rein in terms of asset allocation, Paul Burgin asks Flexible Investment managers if they are preparing for the possibility of quantitative easing tapering.
A purely performance-based review of the Flexible Investment sector does not tell the whole story. With no equity, fixed income or cash limits, fund remits vary significantly. As a result, Morningstar's one-year statistics to the end of May show a wide variation in performance. At the top of the pile is CF Ruffer Japanese, run by Kentaro Nishida, which delivered 51.6% in the past 12 months. Its single-country focus placed it far ahead of the sector's next best performer Newton Osprey, a global equity portfolio that gained 37%. Both funds are equity heavy, which invites direct comparis...
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