Another appalling year for equities has meant returns from UK balanced pooled funds are only just beating cash over 10 years, according to HSBC Actuaries and Consultants.

Equitable Life's balanced pooled fund fared better than most in the 11 months to November, according to HSBC's league table, along with funds managed by Newton Investment Management and UBS Global Asset Management.

Newton, UBS and Insight ranked best performing funds

Long-term cash returns close to beating UK active balanced managers

William Hutchings

HSBC

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