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 Acc14.7020.2232.93325.382.07Buy
AXA Defensive Distribution Z Acc14.3519.0030.01325.381.83Buy
AXA Distribution Z Acc15.6919.9840.24893.382.86Buy
AXA Ethical Distribution Z Acc17.6826.8657.59215.302.45Buy
Architas MA Passive Growth Z Acc25.0641.6564.5452.991.09Buy
Architas MA Passive Growth A Acc24.6540.0961.5852.990.94Buy
CF Canlife UK Equity and Bond Income C Acc GBP14.6926.2061.4191.813.82Buy
Consistent Unit Trust Acc11.6615.1545.0712.893.87Buy
Elite Balanced B GBP15.4523.2949.8622.770.22Buy
Elite Balanced C Acc GBP14.8721.4545.0322.77-Buy
Elite Income B Acc GBP11.7817.7326.3933.381.89Buy
Elite Income C Acc GBP11.2215.9926.5833.381.88Buy
F&C UK Equity Linked Gilt 2 Acc32.5655.8797.19168.091.20Buy
F&C UK Equity Linked Gilt 3 Acc32.6156.0597.76168.091.20Buy
FP Matterley Regular High Income C Acc7.4712.8830.3263.064.36Buy
Fidelity Moneybuilder Balanced Y Acc11.8424.7154.00640.753.15Buy
HSBC Monthly Income C Acc13.4018.1048.02171.354.31Buy
JPM UK Equity & Bond Income C Acc16.7023.9763.32154.463.15Buy
Jupiter Distribution I Acc9.2420.8743.36943.422.80Buy
Jupiter Merlin Income Portfolio I Acc13.3918.7339.643,134.032.90Buy

OEICs and Unit Trusts

Name1 Year (%)3 Years (%)5 Years (%)Fund Size (M)Yield (%)
AXA Defensive Distribution Z Gr Inc14.6820.1432.91325.382.10Buy
AXA Defensive Distribution Z Inc14.2818.9029.94325.381.84Buy
AXA Distribution Z Inc15.7019.9840.10893.382.91Buy
AXA Ethical Distribution Z Inc17.6326.8857.68215.302.50Buy
CF Canlife UK Equity and Bond Income C Inc GBP14.6926.6562.5991.813.94Buy
Cavendish UK Balanced Income B Inc17.9125.3378.4254.464.50Buy
Consistent Unit Trust Inc11.6915.2345.1412.893.87Buy
Elite Income B Inc GBP11.7917.9537.2533.381.93Buy
Elite Income C Inc GBP10.4215.0130.7133.381.89Buy
F&C High Income C Inc4.864.006.4580.894.90Buy
F&C UK Equity Linked Gilt 2 Inc32.5355.5096.02168.091.10Buy
FP Matterley Regular High Income C Inc7.4612.9632.0163.064.36Buy
Fidelity Moneybuilder Balanced Y Inc11.8324.7053.98640.753.79Buy
HSBC Monthly Income C Inc13.4418.1648.04171.354.33Buy
JPM UK Equity & Bond Income C Inc16.7224.0463.47154.463.22Buy
Jupiter Distribution and Growth I Inc14.0424.9862.58504.593.80Buy
Jupiter Distribution I Inc9.2520.9243.41943.422.80Buy
Jupiter Merlin Income Portfolio I Inc13.3718.7339.643,134.032.90Buy
Jupiter Monthly Income I Inc18.1131.5372.00145.374.80Buy
Kames Ethical Cautious Managed B Inc8.3420.1057.12591.001.97Buy

Investment Trusts

Name1 Year (%)3 Years (%)5 Years (%)DiscountNAV
Aberdeen Smaller Companies Income Trust PLC Ord 50p20.9516.27125.17-19.63289.28Buy
Acorn Income Ld Ord24.6728.31183.02-8.08459.66Buy
Acorn Income Ld RED ZDP 1P7.2217.2135.604.02139.15Buy
City Merchants High Yield Trust Limited16.1624.8467.971.54192.16Buy
Crystal Amber53.3963.24184.72-1.65241.49Buy
Henderson High Income Trust Ord16.0327.1992.922.38187.30Buy
JP Morgan Elect Managed Income17.5124.2968.797.74102.10Buy


Name1 Year (%)3 Years (%)5 Years (%)NAVDiscountNDYSector
Hargreave Hale AIM VCT 214.7412.8659.01115.21-5.395.50VCT AIM QuotedBuy
Hargreave Hale AIM VCT 1 Ord 1P10.9610.7268.4880.00-5.635.30VCT AIM QuotedBuy
Puma Vct 10 PLC Ord GBP0.0005-0.45--85.09-2.467.23VCT Generalist Pre QualifyingBuy


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