A case of achieving the right balance

Fund manager's comment

The IMA Balanced Managed Sector is by far the largest of the managed unit trust sectors, with a tota...

The IMA Balanced Managed Sector is by far the largest of the managed unit trust sectors, with a total of approximately £8bn assets under management, hence it is particularly important to stay abreast of any potential changes. This is not only affecting the retail world. Institutional investors such as pension funds, charities and their consultants are also talking about a new balanced fund or multi-asset mandate, where the difference from the old approach is that investment objectives must relate to the scheme liabilities. This is not easy to achieve, given that most liability profiles are...