3 Offbeat Allocation Medalists
Not your typical balanced funds.
Allocation funds tend to require substantial resources. As I mentioned in a previous Fund Spy on the ratings process for allocation funds, they typically need deft security selection in both the equity and fixed-income markets in order to generate consistently good long-term performance.
But allocation funds from smaller firms can excel, too. Sometimes they do so not by competing with the behemoths of asset management on mega-cap stocks and highly rated bonds, but through more distinctive approaches that may highlight a firm's specialties. Let's take a closer look at a few such funds that have earned a Morningstar Analyst Rating of Silver or Bronze.
Greg Carlson does not own (actual or beneficial) shares in any of the securities mentioned above. Find out about Morningstar’s editorial policies.