Three diversified MM funds lead cautious peers

Multi-asset portfolios from Cazenove, iimia and Schroders lead Cautious Managed peer group, with managers highlighting benefits of diversity

Multi-manager funds dominate the upper reaches of the Cautious Managed sector over three years, with their natural diversification helping as market have grown increasingly volatile. The top ranked portfolio in the sector is Cazenove MM Diversity, followed by Daniel Lockyer's CF iimia Income. Cazenove MM Diversity is headed up by Marcus Brookes and Robin McDonald and has returned 35.13% over three years to 12 May. Brookes joined the group as head of multi-manager in January after leaving Gartmore, taking over the range from Mark Harries and Simon Wood. He pointed to fund's compositi...