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City Financial is pleased to announce that its MultiManager Income Fund has been ranked the top performing fund in the Cautious Managed Sector over the last three years.*

Philosophy: The Fund’s philosophy is based on a multi-asset manager approach characterised by investment in a full range of widely diversified assets which has enhanced its performance whilst giving more protection on the downside. This differs substantially from the more traditional, less diversified Funds of Funds approach.

Performance: The City Financial MultiManager Income Fund has been managed by the highly-regarded John Husselbee since July 2004. In December 2007 alone, the fund returned 8.5% while its peer group in the IMA Cautious Managed Sector generated an average return of 1.2%.

John Husselbee, manager of the City Financial MultiManager Income Fund said:
“It is naturally very pleasing to be able to report performance that places us in the number one slot amongst our peers, particularly over a sustained period of time. More importantly for us, we have delivered on our promise and commitment to investors: to achieve consistently high levels of return from their savings, without taking undue risk. Our approach has proved to be successful over the past three years and is one we will continue to employ as we work hard to meet our performance objectives in the future. We are looking forward to continuing to deliver consistently high levels of investment returns for City Financial’s clients.”

* Based on 31 December 2004 to 31 December 2007 data published by Lipper and Morningstar