This investment trust was set up in 2004 by Jonathan Ruffer, who has more than £2m of his own money in the fund. It proved its mettle during the financial crisis, posting significant gains. Mr Ruffer is now of the view that an earthquake is about to hit markets, and invests accordingly.
The trust is invested in British and global shares with a large weighting to Japan, plus gold, bonds and cash. OCF 1.16pc, share class n/a to the stock market: if the market fell by 20pc, the fund should gain 4pc. It has eked out above-inflation returns during recent rising markets. OCF 0.84pc, share class I
We have been wary of multimanager funds because the extra management adds cost. This fund gets in as managers Marcus Brookes and Robin McDonald have shown conviction. They moved almost a third of the portfolio into cash in 2015.
Experts view it as an ideal fund for a highly cautious investor, with money split between shares, bonds, cash and alternative investments such as hedge funds and commodities.