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Our views 30 November 2020

GMAP Strategic asset allocation review

5 min read

We are adjusting the strategic asset mix for our Global Multi Asset Portfolios following a periodic review. Changes increase international diversification and seek to improve expected returns while ensuring each fund remains well within its risk band.

High yield bond weights go up funded out of property and a new blend within equities gives greater exposure to faster growing countries and sectors. Our deliberately broad asset mix lagged behind less diversified balanced funds in the deflationary shock of 2020 but it has similar long run returns and we expect it to do better over a wider range of future scenarios.

Read in full: Strategic asset allocation review