Multi-asset approach failed on Midas flagship funds
Specialist multi-asset managers Midas Capital has admitted its highly diversified value-based approach has performed poorly since market turbulence began last year.
The £722m CF Midas Balanced Income fund is fourth-quartile in the IMA Balanced Managed sector over one year, down 9.1%; while the £552m CF Midas Balanced Growth fund has fallen 10.5% over the same period....
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