Balanced funds post negative third quarter growth figures

Professional Adviser
clock

None of the 87 balanced pension funds surveyed by Russell/Mellon Caps managed positive growth in t...

None of the 87 balanced pension funds surveyed by Russell/Mellon Caps managed positive growth in the third quarter. The top performing fund, the Prudential M&G Medium Term Balanced pension fund, returned -5.6% growth in the third quarter, according to the latest figures from Russell/Mellon Caps. The fund is also the top performer for the period between 1 January and 30 September. The top five performing funds in descending order for the third quarter were Prudential M&G Medium Term Balanced, Skandia Professional Cautious, Neptune Ex Balanced, Govett Core & Satellite and MIR UK Balanc...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on uncategorised

Building Society-owned Newcastle Financial Advisers acquires Openwork firm

First of a number of acquisitions

Hannah Godfrey
clock 09 December 2019 • 1 min read

Bond managers fear hedges being undermined as liquidity dries up

The recent sell off in the bond market and growing liquidity issues have forced bond investors to use similar hedging techniques, undermining their effectiveness and causing concerns about how much downside protection funds really have.

Anna Fedorova
clock 03 July 2013 •

Police launch investigation into mortgage middleman fined £1m

West Midlands Police have launched a fraud investigation into a Birmingham financier over his role in sale and rent back agreements.

clock 25 June 2013 •