Multi asset

The investment process used by the team focuses on tactical asset allocation as a key driver of returns.

A systematic framework is used to aid decision making. A central part of this is the Investment Clock, a proprietary quantitative model tracking growth and inflation trends and the performance of various investments. The Clock is the product of over 20 years of research, aiming to maximise exposure to investments which perform well at different stages of the economic cycle.

As active managers, we adjust our asset allocation according to our modelling and economic forecasts. The strategies blend growth-focused asset classes such as UK and overseas equities, commercial property, and commodities, with less volatile assets such as fixed income and cash.

Each asset class must make sense over the long run, but will offer its best performance at different points in the economic cycle. This helps to steady the overall returns. Assets that provide resilience to shocks, such as gilts and commodities, are included. But assets considered exotic or too expensive are not.