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Midas funds find the right balance

The CF Midas balanced growth and CF Midas balanced income funds have both passed 200m in assets under management.

The company says monthly fund inflows are now averaging 20m, helped by its various distribution links. It says the performance of the funds will not be hampered by their increase in size as their multi-asset strategies can easily absorb the cash.

Midas says that as the funds have grown, the consistency of performance has also grown since launch in April 2002.

Figures from Trustnet to the end of September show the balanced income fund beat the IMA balanced cautious managed sector average by 4.4 per cent in its first year, 5.3 per cent in its second year, 7.8 per cent in its third year and 3.7 per cent in the fourth year.

Over the same period, the balanced growth fund outperformed the IMA balanced managed sector average by 3.6 per cent in its first year, 3.1 per cent in its second year 10.3 per cent in its third year and 12.6 per cent in its fourth year.

Midas Capital head of business development David Thomas says: “As the funds have grown, we have been asked if it becomes more difficult to manage the funds. People feel that if a manager is any good, it will show in a small fund. It is not a problem for us that the funds have grown because of the broad diversification of assets that they can invest in.”

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