Fixed interest assets perform best

Managed funds with a fixed interest bias produced the best performance in the past year, according to the latest managed funds review from Standard & Poor's. None of the eight sub-sectors of the managed funds universe, as defined by Standard & Poor's, achieved positive median returns in the year to 1 September. The best of the sectors were cautious managed and global defensive, a new sector for managed funds with a global outlook with no more than 30% in equities. These two peer groups produced the best median returns. Active managed funds produced negative median total returns of 19.4%...