The best long-term blended funds if you want to consider increasing your portfolio risk

Investment companies are clear: either risk in portfolios begins to increase somewhat, or it will be difficult to replicate the gains of recent years made by the most conservative investors. The rise in interest rates carried out by central banks has allowed the risk-free asset par excellence, public debt, to once again show its best face with yields which reached 4% in the Spanish case on ten-year bonds. Investing in maturity-based or secured debt funds has once again proven to be an attractive option for more risk-averse investors. But the new economic environment, once rate cuts come into play, requires us to rethink the profile again, without making kamikaze changes.

One of the best options for combining risk flexibility in portfolios is mixed funds, which, in their most aggressive form, can invest up to 80% in variable incomeachieve an average of 7.19% over the year, according to Morningstar data as of November 19, while the most conservative version, those who can only invest up to 20% in the stock market, provide an average of 4, 40%.

In fact, there are funds that far exceed this percentage, or even double it. This is the case of Multi-advisor CFG Management 1855 International Mixed Fixed Incomeof Inversis Gestión, which gains 10.47% in the year, or CM-AM Advancedof Crédit Mutuel, which is close to 10% profitability. In the case of aggressive mixes, four investment vehicles generate double-digit profitability: Invert FundsBona-Renda, Selection Private Bank Caixabank And DB Growth ESGof the German manager DWS, reaching 13.04% for the first and 11.28% for the second.

But when it comes to analyzing which mixed funds are most suitable, depending on the level of risk you are willing to assume, Checking performance over the past few years can be a good indicator of the management team’s ability to overcome challengestaking into account that during this period there was a pandemic, geopolitical conflicts like the war in Ukraine or the largest increase in interest rates in less time to try to stop galloping inflation .

The current uncertainty, with the arrival of a new Donald Trump administration, is not minor, given the inflationary pressures linked to many of the measures that the new North American government could adopt, such as the imposition of customs duties on products made in China. Thus, even if past returns do not guarantee future returns, they at least serve to verify the quality of management.

If your risk profile is among the most defensive, you can opt for a mixed fund rated conservative by Morningstar. Within five years, Cobas Rentthe treasury fund of the management company of Francisco García Paramés, Boutique Management III Pulsar 303 Euro Mixed Fixed Income, Cartesian And Moderate Mixed Doge They are among the five best years, with returns above 3.5%, well above the 1.10% annualized that the category offers over this period. The Cartesio vehicle is in fact also one of the most profitable in the long term, with 2.66% annualized over ten years, just behind the Bestinver Heritagewith 3.68%. A fund which is among the 15 best this year with a revaluation of 6.15%.

For profiles willing to take more risk, moderate mixed funds can be an alternative, as they invest a little more in stocks, as they can modulate exposure to this type of assets between 35% and 65% of the portfolio. In this case, they appear GVC Gaesco Sustainable ISR A, Novafondisa, Dux Bolsagar Umbrella, Agave And Variable Mixed Dogethe latter three from Dux, a company now integrated into Abante and recognized for the conservative management of its funds. Over five years, this group of funds achieves a return of more than 5% and in the case of Dux Bolsagar Umbrella reached 11.83% over the year, only below the 12.55% obtained Rural Mixed International 30/50.

For those who are even more determined to bet on the combination products with an aggressive profile, as Morningstar calls them, in five years you will find Invert Fundsfrom CaixaBank, Selection Private Bank Caixabankfor wealthy clients, Bona-Rendafrom the Catalan company GVC Gaesco, Lazard Patrimoine Croissance CPatrisa, de Renta 4, and The Santalucía selection decided Ball above 5%.

There is still a fourth category of choice for mixed funds, called flexible funds, since the management team is free to allocate exposure to variable income according to its criteria. And in this case, they are Abersand Capital-Total Return Portfl. HAS, atl Capital Dynamic Portfolio A, Inverbanser (Santander AM), Give up actions (another from the Dux factory), Rent 4 Wertfinder And Merch-Eurounionwith returns above 6% annualized over five years.