Quarterly Review Q3 2024 - Balanced - Flipbook - Page 3
Performance summary
The Multi-Asset Blend Balanced Fund (“the Fund”) enjoyed another steady quarter
of positive returns, rising +1.6% over the third quarter taking it to +6.7% for the
year-to-date.
Given its balanced risk pro昀椀le, Fixed Income is a prominent asset class in this Fund,
representing 24% of the asset allocation. Fixed Income markets were up nicely over
the quarter.
Also positively impactful on the Fund’s returns this quarter were our holdings
in Absolute Return and Property & Real Asset managers,within which our listed
infrastructure manager performed strongly as interest rate expectations declined.
Equities represent 50% of MAB Balanced. Global equities were only up modestly
over the quarter. UK equities and Emerging Market equities led the way but the US
and Japanese equity markets were both down.
MAB Balanced
IA Mixed Investment
20-60%
Quarter 3 2024
1.6%
2.3%
1 year
11.3%
12.0%
3 year
6.5%
4.4%
5 year
24.8%
15.7%
22 July 2019
(Since launch)
25.4%
16.4%
The Fund has seen
a return of 25.4%
since launch in
July 2019.
The Fund performance 昀椀gures are presented net of the Ongoing Charges Figure
(OCF) and run from launch.
Key portfolio activity
0 Sales
0 Buys
There were no new
sales in Q3 2024.
There were no new
buys in Q3 2024.
68 Manager
meetings
We attended 68
meetings during the
quarter to review
existing and prospective
managers.
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