Harris takes City Financial fund from fourth quartile to top spot

ONE TO WATCH

The saying goes 'it is all about timing'.

If this is true, the IMA was most unfortunate when, in late 2011, it launched a new sector from the old managed categories that had just 0-35% in equities. A bull run for the asset class over the subsequent two years drove many major equity markets to record highs, but is not the ideal environment to enable more cautious funds to keep pace, or indeed gather assets. As a result, the average fund in the sector has just £107m in assets under management. However, this has not stopped some funds performing well over the last year in particular, and one such fund has done a great job outper...