Ruffer European heads balanced peers

Spread of returns in the Balanced Managed sector highlights the diversity of managers' asset allocation

Funds in the Balanced Managed sector produced a 60% spread of returns over the past three years reflecting the wide variety of asset-allocation models used by managers. Way ahead of the pack was CF Ruffer European, which generated bid to bid returns of 90.63% over three years to the end of December 2006 by investing solely in European equities and bonds. At the other end of the peer group was the Miton Strategic Portfolio, up 27.64% over the same timeframe, which mixes UK, European and global equities with fixed interest, commodities and cash holdings. Miton's more aggressive Special Sit...