In August 2021, the average prudential balanced portfolio returned 1.2% (July 2021: 1.9%). The top performer is Old Mutual Pinnacle Profile Growth Fund with 2.3%, while Hangala Prescient Absolute Balanced Fund with 0.5% takes the bottom spot. For the 3-months Old Mutual Pinnacle Profile Growth Fund takes the top spot, outperforming the ‘average’ by roughly 1.6%. Hangala Prescient Absolute Balanced Fund underperformed the ‘average’ by 1.6% on the other end of the scale. Note that these returns are before (gross of) asset management fees.
The Monthly Review of Portfolio Performance to 31 August 2021 provides a full review of portfolio performances and other insightful analyses.
Understanding Benchmark Retirement Fund Investments
This series of articles aims to provide background and guidance on investments to assist Benchmark Retirement Fund members and employers taking charge of their fund investments. It covers the following topics:
- Parties to fund and their roles and responsibilities
- Investment choice and return objectives
- Investment range and portfolio composition
- Performance characteristics of asset classes and portfolios
- The default portfolio
- The default portfolio vs the smooth growth portfolio
- Income replacement ratio and contribution rates
- Selection of investment managers
- Combining investment portfolios and when to switch
- Investment manager risks and manager diversification
- Performance measurement
In the previous four newsletters, I covered the first eight topics.
Follow this link (link to website) to the monthly Performance Review and read paragraph 6.
In the previous four newsletters, I covered the first eight topics. In this newsletter, I will cover the remaining topics “Combining investment portfolios and when to switch,” “Investment manager risks and manager diversification,” and “Performance measurement.”
Read part 6 of the Monthly Review of Portfolio Performance to 31 August 2021 to find out what our investment views are.