Capital at risk
Diversified Return
Our mission is simple – to generate attractive returns over cash with low volatility.
To find the best opportunities, we take our macro views of the world and integrate them with themes that will drive markets over the long term.
Our edge is our wide opportunity set and asset mix, creating portfolios that are prepared for different economic conditions.
Flexible, nimble portfolios
Our Diversified Return Strategy offers exposure to an actively managed, diversified range of assets. This is important when seeking attractive long-term returns at lower volatility than equity markets.
Multi Asset Q1 update
The Multi Asset Team reflects on recent performance, portfolio changes and market developments over the last quarter.
A wide opportunity set
We seek to provide a diverse portfolio of asset classes that has dual objectives with an equal focus on return and risk.
We take a broad opportunity set and turn it into a single fund. We know that this offers our clients a simple and effective way to achieve diversification at lower volatility levels than equity markets.
Our objectives:
- A return that is 3.5 per cent more than the cash rate over rolling five-year periods
- A positive return over rolling three-year periods
- Volatility of returns below 10 per cent over rolling five-year periods
We look to the future, not the past
Our portfolios avoid complexity and are positioned to achieve returns with low volatility.
We identify the major drivers of markets and apply our expertise to construct a portfolio that invests across asset classes, incorporating:
- Macroeconomic views
- Long-term return expectations
- Risk and near-term scenario analysis
The result is a top-down, macroeconomic and research-led portfolio, which seeks to generate value for our clients throughout economic cycles.
Change brings opportunities. Short-term changes can be as unpredictable as the meander of a river, but by focusing on long-term trends, we think it’s possible to figure out the destination.
Meet the managers
Documents
Philosophy and process
Explore our investment philosophy and the processes around how the team constructs the portfolio.
Stewardship report
Find out about our conversations with portfolio companies, shareholder vote activity and consideration of environmental, social and governance matters.
Explore further
Curious to learn more about our products and what we can offer you? Please get in touch.
Insights
Key articles, videos and podcasts relating to the strategy:
Filters
Multi Asset Q1 update
The Multi Asset Team reflects on recent performance, portfolio changes and market developments over the last quarter.
Nexans: Stock Story
Lucy Haddow examines the sub-sea cable manufacturer crucial for the offshore wind and energy transition.
Climate scenarios: so what?
Six themes we think will influence companies’ futures as the world adapts to climate change.
Climate scenarios: preparing for uncertainty
How scenario analysis and climate adaptation can unlock exciting investment opportunities in resilient companies.
Climate and energy scenarios
Explore four climate transition scenarios, their economic impacts and investment strategies for a low-carbon future.
Multi Asset Q4 update
The Multi Asset Team reflects on recent performance, portfolio changes and market developments.Multi Asset Q3 update
The Multi Asset Team reflects on recent performance, portfolio changes and market developments.
The Climate Scenarios Project: part 2
The impact of Disorderly Transition scenarios on macro indicators and market outcomes.
Multi Asset Q2 update
The Multi Asset Team reflects on recent performance, portfolio changes and market developments.
The case for UK water investments
Uncover the resilient UK water companies showcasing their growth prospects in the face of regulatory and environmental hurdles.
Japan: the land of the rising yield
How Japan's changing economy is reshaping the Multi Asset investment landscape.
Multi Asset investment update
An update on performance, portfolio developments and where we see new opportunities.
Where are the opportunities?
The Multi Asset Team’s forecast for growth, bonds, equities and other assets over the decade.
Multi Asset investment update
An update on the portfolio, market environment and outlook for the year ahead.
Multi Asset: Investment process evolution
Focusing on the central pillars of our multi-asset investment process has sparked an evolution.
From Leeds to LA
Creating a high conviction, best ideas, global and unconstrained property portfolio.
Explore further
Curious to learn more about our products and what we can offer you? Please get in touch.