These Go-Anywhere Funds Make It Look Easy
This simple screen turns up well-run balanced funds.
Balanced funds have a reputation for being stodgy mixes of core domestic stocks and bonds, but some can range wider than others. When considering one of the more flexible variety, a proven track record is probably the first criterion for which to look. Many of these managers can go anywhere in the world in search of the most attractive investments or hold big slugs of cash, and knowing how and when to make those shifts can be difficult to pull off.
At last count, the average manager tenure for moderate-, conservative-, and world-allocation funds was five years. This screen, however, focuses on funds whose managers have at least 10 years of experience under their belts and top-third showings for that time frame. Limiting the results to funds with Morningstar Risk ratings of average or lower pulls offerings that provided a relatively smooth ride to fundholders during that time frame.
To run the screen yourself, click here.
Karin Anderson does not own (actual or beneficial) shares in any of the securities mentioned above. Find out about Morningstar’s editorial policies.