Big name managed portfolios struggle in tumultuous summer

Some of the largest multi-asset funds in the UK retail space have seen performance slump in recent months after they struggled to navigate a difficult summer.

Portfolios such as the £2.6bn Troy Trojan fund, alongside the £870m Miton Special Situations, £4.8bn Jupiter Merlin Income, £3.2bn Newton Managed and £2.9bn CF Ruffer Total Return funds have all fallen to the bottom of their respective sectors over the period. Simultaneous dip A simultaneous dip in bond and equity prices in May and June made things difficult for all multi-asset portfolios, and the high-profile names valued for their defensive qualities were not spared. Although the FTSE 100 then rose 4% between 1 July and 30 September, benchmark 10-year US treasury yields only moved...