Who it's for: Investors looking for at alternative to a stockbroker-managed share portfolio and who need little income in the short term.Who runs it: Neville Chester, manager of aggressive equity funds at Coronation Fund Managers. How risky: Coronation says in the fact sheet that this is not a fund for investors concerned with short-term capital loss or those seeking to track the Alsi. The fund has generally been quite aggressively underweight in resources - MTN and Naspers are its biggest shares. It will also look unexciting when the small and mid-caps start to run at the expense of large caps.How it has performed: The fund was 13,7 percentage points ahead of the Alsi 40 last year. It was top of the large-cap sector over three years with a 28,2% return and first over a year, losing a modest 5,6%.The FM's view: The large-cap sector is dominated by index funds. Cannon Core Companies is the only actively managed competitor, and it is way behind. Top 20 gives a very concentrated ve...
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