Citywire Selection Verdict: The multi asset approach run by Steve Russell and Hamish Baillie is a standout performer over the last decade. It has insulated investors from the large market swings and returned 7.3% in 2013.
A 17% position in Japanese equities helped boost returns last year but has weighed down performance in 2014 along with the trust moving from a premium to a discount.
There is however an absolute return approach so this is offset via around 25% in inflation linked bonds. This is due to the duo believing that inflation will be the long term outcome from all the central bank intervention we have seen over recent years.
An alternative way to access this strategy is through the CF Ruffer Total Return fund.
For more details view the latest factsheet.