The nine flexible funds that have kept investors safest over five years

Best performers revealed

Unicorn Mastertrust, Troy Spectrum and Jupiter Merlin Growth Portfolio are among the nine funds in the IA Flexible Investment sector to have achieved top-quartile risk-adjusted returns and top-quartile maximum drawdowns (a measure of the most money lost if bought and sold at the worst times) over the past five years while keeping the same managers at their helms, research from Investment Week and data from FE fundinfo shows.

Ben Seager-Scott, head of multi-asset funds at Tilney Group, likened the sector to "the freestyle category in swimming competitions, which means front crawl - the fastest stroke". He said: "Often adventurous funds reside in the sector because they would be above the upper limit for the Mixed Investment 40-85% Shares category," he reasoned. FE fundinfo unveils group with most 2020 Alpha Fund Managers However, he also said the sector, which houses a wide range of uncorrelated mandates, may also be holding lower-risk offerings with strong long-term track records. Of course, ranking...