[youtube]https://www.youtube.com/watch?v=BDHayGdU7Jk&feature=plcp[/youtube]

Portfolio Manager Jonathan Windust discuses the performance of the Balanced Fund, which was up 16.9% for the year.  Jonathan also discusses the major contributors in terms of the different markets the Fund participates in and the outlook for 2013.
The Milford Balanced Funds target is to achieve capital growth over time by holding a diversified investment portfolio including New Zealand and overseas cash, bonds and shares.