Managed Funds out of balance
According to the latest Intech survey of fund managers, half of the 37 fund managers lost money from their balanced funds. This result will only reinforce the trend of funds and fund management resources being allocated to specialised funds such as international shares, technology and Australian imputation funds.
While 2000 saw the introduction of global technology and biotechnology funds, in 2001 we can expect an increased offering of retail hedge funds and specialised funds such as ethical investment funds.
The increasing number and diversity of managed funds can leave the retail investor wondering where to start. Working out your risk profile and investment goals is the first place to start that will help you decide on your portfolio allocations (cash, fixed interest, property, local shares, international shares etc). If in any doubts, seek advice from a financial planner.