IMA active managers cash in on rally

Majority of 122 funds within active managed sector are claiming a positive total return over the past year following a six month rebound

Managers in the IMA Active Managed sector have taken advantage of the freedom to go 100% into equities by cashing in on the stock market rally over the last six months. According to Morningstar, of the 122 funds in the sector with more than a one-year track record, 120 can claim a positive total return over the 12 months to 19 October with an average return of 32.3% and the top 10 performers generating returns higher than 46%. The fifth ranked fund over three years in this sector is M&G Managed Growth which is under the stewardship of Graham French. The fund is an actively managed fun...