Chris Burvill:Cautious Managed

Gartmore Cautious Managed, unlike some others in its sector that have embraced ever more complicated asset mixes, sticks to the traditional portfolio make-up of equities, bonds and cash in order to achieve its objective of providing a combination of income and long-term capital growth.

Because of the cautious nature of the fund, the equity weighting will never go above 60% of the portfolio. "I think we got our asset allocation right," says manager Chris Burvill. "In the last three to six months we have lowered our equity exposure down close to 40%, and raised our bond exposure from 35% to 45%, as well as raising our cash weighting. All the things we say we will do in these kinds of market conditions, we have done." While he is positioned defensively, Burvill does not believe we will be seeing any doomsday scenarios. He is finding reason for cheer in the US economic ...