While some multi-asset funds delight in their complexity, a simple mix of shares, bonds and cash is enough for Iain McCombie of Baillie Gifford s Managed Fund.
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Is a simple portfolio made up largely of shares and balanced out by some bonds and cash, the answer to long-term returns?
While some multi-asset funds can seem to take a delight in their complexity, that straightforward mix is enough for Iain McCombie of Baillie Gifford’s Managed Fund.
The fund, which invests in a mix of growth company shares and government and corporate bonds around the world, along with some cash, has more than doubled investors money over the past five years.
Over its 33-year life, the Managed Fund has averaged 75 per cent in shares, with the rest in bonds and cash.