Rated Funds update: Mixed-asset

Mixed asset: Higher and lower risk

There are two categories of mixed-asset funds in our Rated Funds list.

The higher-risk category includes funds that appear in the IMA's mixed investment 40-85% shares and flexible investment sectors.

It also includes four investment trusts. The lower-risk funds are from the mixed investment 20-60% and 0-30% shares, and targeted absolute return sectors.

There are two additions in the lower-risk categories.

Schroder Multi-Manager Diversity Income was the smaller fund award winner in our lower-risk category, while Premier Defensive Growth was the smaller fund award winner in the absolute return category.

Premier Defensive Growth is highly diversified by asset class and mainly invests in zero-dividend preference shares.

The mixed-asset fund that has been placed under review is Artemis Strategic Assets.

It has achieved a small positive gain over the past six months - in contrast to Old Mutual Global Equity Absolute Return, which has fallen - but its longer-term record is lagging.