The Close all weather fund is available in sterling, euros and dollars. It invests 25 per cent in equities, 25 per cent in property and 25 per cent in bonds, with the remaining 25 per cent in alternative investments, mainly hedge funds. So far, the results have been excellent.The sterling fund returned 12.85 per cent to the end of May, outperforming cash deposits by over 9 per cent and with 62 per cent less risk compared with equities. Its volatility is exception-ally low because it invests mainly in other funds so it has a very wide diversification across all asset classes. A further feature is that as the fund does not distribute income, there are potential tax advantages by taking regular withdrawals. Some of the excellent funds in which it invests include Artemis UK special situations, Framlington UK select opportunities and Jupiter high income. On the bond side, it invests in Old Mutual corporate bond fund, Invesco sterling bond fund and New Star sterling bond fund among others. The property funds it invests in include Close PIP growth portfolio, New Star property trust and the Norwich and M&G property funds. Some of the alternative investment funds it invests in include the Jupiter Merlin absolute return fund and Thames River warrior fund. Commission can be paid up to 4.5 per cent initial and 0.5 per cent trail and the annual management charge is reduced if the fund has a down month. All in all, it is an ideal core fund for conservative and realistic investors.