UK Mixed Asset

Introduction to UK Mixed Asset 

A portfolio that holds a number of different asset classes should provide investors with a smoother, more predictable return over time. Managers of UK mixed asset portfolios will hold a blend of sterling-based equities, bonds, property, cash and alternatives, aiming to tilt the portfolio to those assets they believe are most likely to do well. However, they will always keep a balance in the portfolio to ensure diversification.

Once the asset allocation decision has been made, investment managers implement their views either by investing directly in the stock, bond or property markets, or by investing in other funds. Some managers only invest in their own in-house funds, others will use external funds and exchange traded products.

Mixed asset funds should provide a consistent year in, year out return, with few surprises. Investors would not expect to experience the volatility of, say, the stock market when investing in this type of fund. Mixed asset managers argue that delivering a return consistently, rather than shooting the lights out one year and then sliding the next, is important for compound growth over the long-term. Investors will often use mixed asset funds for one-stop-shop exposure to a broad range of asset classes.

The tax treatment of investments is subject to tax law and HMRC practice which are subject to change.

OEICs and Unit Trusts

Name1 Year (%)3 Years (%)5 Years (%)Fund Size (M)Yield (%)
AXA Defensive Distribution Z Gr Acc11.3517.6934.19329.401.70Buy
AXA Defensive Distribution Z Acc10.8316.3030.92329.401.61Buy
AXA Distribution Z Acc10.1215.8738.94920.672.47Buy
AXA Ethical Distribution Z Acc6.0116.4250.81201.952.40Buy
Architas MA Passive Growth Z Acc22.1731.6961.8344.961.52Buy
Architas MA Passive Growth A Acc21.7330.2059.1744.961.24Buy
CF Canlife UK Equity and Bond Income C Acc GBP8.4720.7950.69110.17-Buy
Consistent Unit Trust Acc6.1013.6141.3336.983.93Buy
Elite Balanced B GBP10.2020.2450.9122.390.24Buy
Elite Balanced C Acc GBP9.6518.4646.4122.39-Buy
Elite Income B Acc GBP6.3613.9828.5434.661.97Buy
Elite Income C Acc GBP5.8414.4329.0434.661.95Buy
F&C UK Equity Linked Gilt 2 Acc25.4747.1291.58166.791.20Buy
F&C UK Equity Linked Gilt 3 Acc25.4847.3692.08166.791.20Buy
FP Matterley Regular High Income C Acc3.8810.9529.6263.334.55Buy
Fidelity Moneybuilder Balanced Y Acc7.5524.0352.46638.64-Buy
HSBC Monthly Income C Acc8.1115.3344.19172.854.15Buy
JPM UK Equity & Bond Income C Acc7.6819.0055.06151.973.28Buy
Jupiter Distribution I Acc6.7818.4041.77851.742.60Buy
Jupiter Merlin Income Portfolio I Acc7.7314.2537.793,605.963.00Buy

OEICs and Unit Trusts

Name1 Year (%)3 Years (%)5 Years (%)Fund Size (M)Yield (%)
AXA Defensive Distribution Z Gr Inc11.3717.7534.28329.401.72Buy
AXA Defensive Distribution Z Inc10.8416.2530.90329.401.63Buy
AXA Distribution Z Inc10.1215.8338.87920.672.51Buy
AXA Ethical Distribution Z Inc5.9916.4450.79201.952.45Buy
CF Canlife UK Equity and Bond Income C Inc GBP8.4721.4351.80110.17-Buy
Cavendish UK Balanced Income B Inc6.7019.8270.4645.994.30Buy
Consistent Unit Trust Inc6.1413.7041.4236.983.93Buy
Elite Income B Inc GBP6.2715.5638.9834.661.99Buy
Elite Income C Inc GBP5.7313.5234.1134.661.97Buy
F&C High Income C Inc3.090.853.7384.424.90Buy
F&C UK Equity Linked Gilt 2 Inc25.3346.6889.49166.791.20Buy
FP Matterley Regular High Income C Inc3.8811.0231.3563.334.55Buy
Fidelity Moneybuilder Balanced Y Inc7.5224.0052.42638.643.86Buy
HSBC Monthly Income C Inc8.0815.3544.22172.854.20Buy
JPM UK Equity & Bond Income C Inc7.6919.0755.17151.973.36Buy
Jupiter Distribution I Inc6.8318.4741.81851.742.60Buy
Jupiter High Income I Inc5.9619.5454.38505.623.90Buy
Jupiter Merlin Income Portfolio I Inc7.7314.2537.813,605.963.00Buy
Jupiter Monthly Income I Inc13.0627.3772.82120.614.60Buy
Kames Ethical Cautious Managed B Inc2.4518.3757.29606.001.96Buy

Investment Trusts

Name1 Year (%)3 Years (%)5 Years (%)DiscountNAV
Aberdeen Smaller Companies Income Trust PLC Ord 50p-4.82-2.13104.80-23.11255.56Buy
Acorn Income Ltd Ord-4.9811.33167.50-9.52384.63Buy
Acorn Income Ltd ZDP 1P4.2814.87---Buy
City Merchants High Yield Trust Limited11.2127.7765.501.84187.55Buy
Crystal Amber11.5429.81130.80-10.40202.02Buy
Henderson High Income Trust Ord7.0120.7188.391.40178.50Buy
JP Morgan Elect Managed Income4.5118.8963.04-4.03107.06Buy


Name1 Year (%)3 Years (%)5 Years (%)NAVDiscountNDYSector
Hargreave Hale AIM VCT 25.0524.1059.04103.91-3.766.00VCT AIM QuotedBuy
Hargreave Hale AIM VCT 1 Ord 1P5.6823.8575.8875.37-3.815.52VCT AIM QuotedBuy
Iona Environmental VCT Ord 0.1P18.00-17.31-35.5067.00-11.94-VCT Specialist EnvironmentalBuy
Iona Environmental VCT A---1.40260.7125.54VCT Specialist EnvironmentalBuy
Iona Environmental VCT B 0.1P1.272.66-88.90-10.01-VCT Specialist EnvironmentalBuy
Puma Vct 10 PLC Ord GBP0.0005---90.91-2.106.74VCT Generalist Pre QualifyingBuy


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