Multi-asset multi-manager Apollo believes it will be easier to market its balanced and cautious funds of funds to IFAs now that the funds have a one-year track record and the managers have a three-year track record in running multi-asset funds.
In their first year since launch on November 27, 2008, the funds made similar returns to their sector averages, but with lower volatility. Apollo balanced returned 24.56 per cent, against a sector average of 24.2 per cent. The fund’s annualised volatility over the period was 8.82 per cent, 4.76 per cent lower than the sector average.
Apollo cautious produced an 18.59 per cent return over the period, against a sector average 18.5 per cent. The fund’s annualised volatility was 7.79 per cent, 1.61 lower than the sector average.
Apollo partner and fund manager Steve Brann says: “We’re very pleased with what we have done as the funds are doing what they say on the tin. A first year of good performance is massively significant because most advisers wait to see the one-year track record.
Marketing of the funds will be easier, especially as Tom McGrath and I now have a three-year track record of running multi-asset funds, which we started at Miton.”