Ruffer backs UK bond allocation despite performance drag

In the trust's monthly investment report, the managers said the allocation to the asset class, which it called a "core holding" in the trust, was the "largest detractor to performance" in January. Ruffer trust endures 'worst year in history' as 'protective toolkit' fails to deliver According to data from FE fundinfo, the trust's total return fell 3.5% for the month, a bigger drop than the average IT Flexible trust's 0.1% loss. The managers explained that it had increased its allocation to gilts at the end of 2023 after it felt "yields had fallen too far, too fast" given the trust's...