Richard Peirson has run the £580m AXA Framlington Managed Balanced fund for 20 years this month, and has produced top-quartile returns over that timeframe.
His track record over other time periods is also impressive: over the five years to 21 February, the fund has returned 103% compared with an IMA Mixed Investment 40-85% shares sector average of 77.1%, according to Morningstar. The portfolio is also top quartile over one and three years. Here he tells Investment Week why attempts to asset allocate may be misguided, why international earners look attractive again and why his cash weighting currently sits at near 15%. How do balanced funds stack up against the new breed of multi-asset funds? Balanced funds have proved their worth ag...
To continue reading this article...
Join Investment Week for free
Signup and gain exclusive members-only insights - all free of charge!
- Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
- Get ahead of regulatory and technological changes affecting fund management
- Important and breaking news stories selected by the editors delivered straight to your inbox each day
- Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
- Be the first to hear about our extensive events schedule and awards programmes
