Top-quartile performance easier to achieve in less popular sector

Sector focus: Balanced Managed

Beating the average fund in the Balanced Managed sector is seen by many managers as less difficult than outperfoming in UK Equity Income or Corporate Bonds

The more competitive the sector, the harder it is to consistently outperform, something that cannot be said of the Balanced Managed peer group. While it might be going a little far to say beating the average Balanced Managed fund year in year out is easy because the average Balanced Managed portfolio is badly run, it is not a peer group that generates the same interest among fund groups and investors as UK Equity Income or Corporate Bonds. The funds that most consistently outperform the average investment in the 69-strong Balanced Managed sector regard being in the top half of the perform...