Rocky Ride

A characteristic of this fund is its determination to stick close to its equity limit of 20 per cent irrespective of the state of the market. Even in 2008, the equity allocation dropped to less than 10 per cent only twice. Adhering to such a strategy would mean that the fund should deliver impressively when the equity market is on a roll. However, there is no cons

This article was originally published on May 30, 2012.