Commodities exposure delivers for Armstrong as Distinction DRR outperforms peer group

After only a year since launch, former Insight manager Ana Armstrong has seen her IM Distinction Diversified Real Return (DRR) fund deliver stellar returns in the year since launch, outperforming its longer-established peers.

The fund returned 14.7% in the 12 months to mid-February, surpassing most of the 152 funds in the Cautious Managed sector, which returned an average of 9%, according to Morningstar, driven partly by its commodities exposure. Armstrong said DRR also posted the highest Sharpe ratio in the sector at 2.5%, meaning – in terms of volatility – the fund has one of the best risk-adjusted return profiles. Benchmark Unlike many other funds though, DRR does not have a standard index benchmark. Rather, the fund’s target is to return UK RPI inflation plus 4% per annum. “The objective is very im...