Milford Balanced Fund

The Milford Balanced Fund’s objective is to provide consistent positive long-term capital growth from a diversified mix of investments, including New Zealand  fixed interest securities and equities and offshore fixed interest securities and equities, either directly or indirectly through pooled funds.

It will be actively managed in terms of the sector weightings to reflect our investment outlook and aims to generate positive long-term returns through good times and bad. It can hold material levels of cash or low risk investments when attractive investment opportunities are scarce.

The Milford Balanced Fund – “A Blend of Milford”

We believe that the Milford Balanced Fund provides a strong core holding for investors’ portfolios. The Fund is managed with Milford’s philosophy (and we believe the goal of our investors) of avoiding negative returns in weak markets and generating good returns in rising markets. The Fund is an alternative to the “buy and hold” approach adopted by many managers. At Milford we believe markets are often mispriced and do not appropriately reward investors for the risk incurred. By avoiding these markets and concentrating investment into markets with strong fundamentals we believe we can generate better returns with lower risk.

Investors into the Milford Balanced Fund receive:

• A Fund which provides a balance between growth and income investments and a balance between New Zealand and International investments. We believe this diversification helps to produce consistent returns and protect against unforeseen market circumstances. However, consistent with our approach Milford will not diversify into markets with poor fundamentals as this only acts to increase risk.
• Milford’s active approach to investment strategy, which means Milford will meaningfully adjust the allocation between income and growth investments depending upon our view of the market.
• Access to Milford’s award winning Trans-Tasman Fund and Active Growth Fund for New Zealand and Australian equity investments. These Funds have consistently outperformed their peers from both a risk and return perspective.
• Access to the Milford Income Fund whose unique proposition seeks to generate income from both traditional fixed income securities as well as income producing shares. This flexible active approach to managing the Fund has delivered strong returns for investors.
• International share investments are concentrated in areas of the world which Milford believe have the best risk / return trade-off. Milford employs a combination of active managers (who like Milford look to protect downside risks) and index managers to provide cost effective exposure to markets.
• A compelling alternative to meet diversification needs over:
  -International Managers
  -Markets
  -Asset Classes

How has the Fund been performing and what is the Funds’ current strategy?

Please click here to get the latest update for the Milford Balanced Fund.
Please note that past performance is no guarantee of future returns

Who is the Balanced Fund suitable for?

The Balanced Fund is more suited to investors who want Milford to actively manage their investments and make the decision about when to increase or decrease the exposure to shares.

The Balanced Fund has New Zealand and Australian investments and investments outside of Australasia. The Fund looks to preserve capital in addition to generating growth. Because of this the Fund may hold significant amounts of cash and may underperform in a strongly rising market. However, if Milford can successfully avoid losses in falling markets, the Balanced Fund is more likely to perform well over time with less volatile returns.

Key features of the Milford Balanced Fund

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