Can Mawer Balanced do the job as the only fund in my portfolio?

This Bronze-rated fund isn't perfect, but it is worthy of consideration.

Shehryar Khan, CFA 16 March, 2015 | 5:00PM

Question: I currently hold all of my retirement money in Mawer Balanced. Is this a wise choice? Is that fund diversified enough to be my sole holding?

Answer: Let me preface my answer with an analogy. Buying a home is one of the most important financial decisions an individual or family can make. Yet once you've bought it, the job isn't done; you now have to maintain it. Those gutters have to be cleaned out in the fall and driveways shoveled in the winter. Unexpected things happen -- you need to get a leaky roof fixed, a driveway repaved, or sometimes you just want to renovate the kitchen. You also have the option to attempt to do those things yourself, or you can hire someone to do them for you. It's a continually evolving process.

The same applies to your portfolio: you've come up with an investment plan that is aligned with your family's long-term goals, either on your own or with your advisor. Again, you have the choice: do you want to buy individual funds to meet your asset mix needs, or can a balanced fund, like Bronze-rated Mawer Balanced, do the job for you?

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About Author

Shehryar Khan, CFA

Shehryar Khan, CFA  Shehryar Khan, CFA, is a senior investment analyst for Morningstar’s Investment Management group.

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