This fund won’t beat a rapidly rising stock market but has the potential to outperform when the market is flat or falling, and with less volatility too. There’s a relatively small number of investments in the fund, which can increase risk. The fund manager invests more in shares when he has a positive outlook and focuses more on bonds, gold and cash when he thinks stock markets have less potential to grow. This fund could be added to an adventurous portfolio to help reduce the overall risk, or used to add more potential growth to a more conservative portfolio.
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