TM Fulcrum Diversified Core Absolute Return Fund C GBP Acc
Mixed Asset 0-40% Equity
New for 2018. A team-based absolute return approach
This fund sits in the Investment Association's Volatility Managed sector and aims to achieve positive real returns in all market conditions with lower volatility than equity markets. It targets returns of inflation plus 3 to 5 per cent per year over a rolling five-year period.It is an unconstrained portfolio with a large number of holdings across equities, fixed income, currencies, commodities and alternative investment markets – more than 600 at the end of 2017 – making this a solid core holding for cautious investors.Fulcrum Asset Management was founded in 2004 and claims to have one of the industry's longest track records in multi-asset investing. It takes a team-based approach and does not name managers on its funds. It says members of its team have complementary strengths and are supported by a team of more than 20 analysts.
It points to global economic growth of 4.75 per cent at the end of 2017 as being the strongest since 2010. It expects this supportive backdrop to remain in place well into 2018 and, combined with benign inflation and financial conditions, that it should support global stock markets.The managers have increased overall fund risk by adding to existing themes in the fund – global reflation, excessive Brexit pessimism and Japanese recovery – as well as initiating new holdings in emerging markets.Square Mile added this fund to its Academy of Funds with an A rating in 2016. Senior research analyst Amaya Assan likes the 'impressive credentials of the investment team'. Ongoing charges are 0.9 per cent.
Narrative and ratings content all as of 01 January 2018.See all Money Observer rated funds
|Japan (Government Of)||13.19 %|
|Japan Bill Zero Cpn 20/Jul/2018 Jpy 50000||8.72 %|
|Japan (Government Of)||8.16 %|
|France (Republic Of)||7.97 %|
|Republic of South Africa 8.75%||6.98 %|
|French Republic Bill Zero Cpn 26/Sep/2018 Eur 1||6.69 %|
|France (Republic Of)||6.55 %|
|Japan (Government Of)||4.47 %|
|France (Republic Of)||4.17 %|
|France (Republic Of)||3.41 %|
Data provided by Morningstar.
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