Balanced funds post 2.3% fall in July

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Balanced pooled funds achieved a median return of -2.3pc in July 2008, latest CAPS figures from BNY Mellon Asset Servicing reveal.

The securities servicing firm said that over one, three and five years to July 31, balanced pooled funds returned -7.8pc, 5.0pc per annum and 8.7pc per annum respectively. It said over the 10 year...

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