Tom Archer: Still 'cautious' by nature, if not by name

The Investment Association (IA) Mixed Investment 20-60% Shares sector - previously dubbed ‘Cautious Managed' - has become increasingly popular with investors, partly as a result of risk aversion since the global financial crisis but also due to an increasing focus on suitability on the part of financial advisers. To put it another way, the average risk profile of an investor tends to follow a normal distribution and, as the majority of individuals fall under the umbrella of ‘medium risk', the sector has therefore become well-liked among investors. As of March 2019, of the 36 IA catego...