CF Ruffer Euro tops Balanced Managed sector

Sector includes a wide variety of vehicles, with European portfolio, core global equity offering and Old Mutual's fund of funds making top three

Major exposure to industrials and energy, plus extensive option use, has propelled the CF Ruffer European fund into pole position in the Balanced Managed sector over three years. Over three years to 15 October, the fund made a cumulative return of 99.22% compared to the sector average of 49.2%, according to figures from Morningstar. Second-best performance in the peer group over this period was Neptune's Robin Geffen, with his Balanced fund delivering 73.44%, while Old Mutual's Select Managed, run by Tracey Lander, returned 72.53%. However, commentators are keen to highlight the wi...