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 portfolios 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 of the funds. Assets that provide resilience to shocks, such as gilts and commodities, are included. But assets considered exotic or too expensive are not.

Read more about the Investment Clock

Global Multi Asset Portfolios (GMAP)

Launched in 2016, the Global Multi Asset Portfolios (GMAP) are our range of ‘on-platform’ multi-asset funds, available through ISAs, GIAs, and SIPPs. The range consists of seven actively managed funds, each constructed using a risk-based approach to maximise real returns over the medium to long term, subject to a given level of expected risk.

Key features:

• Diversification across traditional asset classes
  Progressive positioning across equities, bonds, and other assets, aligned to investor risk appetite.
• Differentiated active investment approach
  Our Investment Clock model is key in deciding which asset classes to overweight and underweight based on the current stage of the business cycle; allowing us to position defensively during a downturn, which isn’t possible in a passive-only approach.
• Tactical Asset Allocation
  We have a research-led tactical asset allocation process that makes use of quantitative models but allows room for experience and judgement to play a part.

Tailored for all risk appetites

The range includes solutions aimed at investors with lower and higher appetites for risk. All funds are managed in line with the investment and asset allocation process, offering more cautious and adventurous investors access to the team’s expertise.

*The Royal London GMAP Moderate Growth Fund launched on the 25 July 2024.
Our range of Governed Portfolios changed name on 18 November 2024. The Governed Portfolios are our risk-targeted insured pension proposition available through Royal London.

Source: Royal London Asset Management for illustrative purposes only.
Past performance is not a reliable indicator of future results. The value of investments and the income from them is not guaranteed and may go down as well as up and investors may not get back the amount originally invested. Weights in pie charts relate to each funds’ strategic asset allocation and these weights will vary according to tactical asset allocation.

Multi Asset Strategies Fund (MAST)

The Multi Asset Strategies Fund (MAST) is part of our multi asset solutions but is managed on an absolute return basis. The fund aims to capture market upside in the good times through a core portfolio of highly liquid and diversified multi asset holdings while shifting to a more tactical, market neutral approach, during periods of turbulence to limit downside risk.