Avoiding financials has been key to outperformance

CF Ruffer, Neptune and Newton managers concur that light weighting in financials and UK property has cushioned their portfolios from the crisis

As with the majority of sectors, the top-performing funds in the Balanced Managed sector have all avoided financials in recent years. The top returner was CF Ruffer European, managed by Tim Youngman, which has produced a massive 82.42% over three years to end June. The second best fund was the Neptune Balanced vehicle headed up by Robin Geffen, which produced 41.81%. Other top offerings include CF Milton Special Situations portfolio, CF Arch Cru Balanced and Newton Balanced. As is clear from the data, Ruffer European almost doubled the returns of the next best fund in the sector, al...