Balanced funds buoyed by best returns in 34 years

Fund managers running balanced mandates – multi-asset funds that invest across equities and fixed income – posted their best returns since 1975 in the three months to September 30, with an 18.4% rise; this performance comes on the back of strong rallies in the equities and fixed income markets.

Balanced funds - once the investment of choice for many UK pension funds - have fallen out of favour in recent years. However, the performance measurer BNY Mellon tracks 50 funds with around £16.8bn (€18.7bn) under management.

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Jamie Dimon Says Private Credit Is Dangerous—and He Wants JPMorgan to Get In on ItExternal link

Jamie Dimon Says Private Credit Is Dangerous—and He Wants JPMorgan to Get In on It