Bangkok--31 Aug--Grayling
Miton Special Situations Portfolio has been judged the best Balanced Managed Fund in 2009 by leading online financial newsletter ‘Moneywise’ in its annual Pension Awards.
The authoritative magazine noted that the balanced fund category is “well suited for pension savers because it invests in a spread of assets, with no more than 85% in equities and at least 10% in UK equities, making it less volatile.”
Nick McBreen, IFA at Worldwide Financial Planning. Pearson, and member of the judging panel, paid tribute to fund manager Martin Gray “who has managed the fund for 18 years, steering it through good and bad times, and therefore (he) knows it very well.”
The fund achieved a 12 month return of 11.13%, a three year return of 23.18%, and a five year return of 79.59%.
“While delivering excellent returns, the clever point about this fund is that it takes a view on trying to reduce the volatility, rather than trying to consistently shoot the lights out by outperforming against its competitors,” said McBreen.
The award adds to the Thompson Reuters Award for the best 5 year performance won by Martin Gray and the Miton Special Situations Fund earlier this year. This followed the fund achieving an annualized return of 8% over the five year period, well ahead of the average Balanced Managed Fund performance of 2.4% for the same period.
Paul Gambles, Managing Director of MBMG International who have represented Miton Asset Management in Thailand for 11 years, said Martin Gray’s emphasis on minimizing downside risk was a key factor in the funds continuing strong performance.
“It is no surprise to us that Martin has once again been recognized for his outstanding performance as a leading fund manager,” said Mr. Gambles. “His ability to achieve returns ahead of the market by actively managing assets was one of the critical factors why we selected Miton as the cornerstone portfolio manager for our clients. This will simply add to the extensive list of industry awards Martin has won in the last 10 years and growing recognition of his place as one of the leading fund managers in the world.”
For further information:
MBMG International
Paul Gambles
Ph: 02 650-3123
Grayling Thailand Co. Ltd.
Justin Barnett
Ph: 02 635-7151