The key funds

TIPPED BY Martin Payne at Brewin Dolphin, Leeds.

■ JP Morgan Global Macro Opportunities: Aims to produce 7 per cent pa with 6-10 per cent volatility. Has potential for reasonably attractive long-term returns with significantly less volatility than wider equity markets. A useful contributor within ‘alternative’ asset allocations. Up 36.2 per cent in five years.

■ Janus Henderson UK Absolute Return: An onshore replica of the AlphaGen Octanis hedge fund, which has been managed by the team since 2005. Little correlation to wider equity markets. Up 16 per cent in five years.

■ BNY Mellon Global Dynamic Bond: Both income and longterm capital growth provide its return, driven by bond holdings, both corporate and government. Very tight risk controls. Up 5.1 per cent since inception in June 2017.