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Our views 01 July 2021

Multi asset credit: investing through Covid and the credit cycle

5 min read

This is a follow-up to the report that we published in early 2020, looking at how the Royal London Multi Asset Credit Fund (MAC) is designed to perform through different phases of the credit cycle.

In this update, we consider the fund’s performance through the unprecedented turbulence of 2020, in which we experienced all the phases of the credit cycle in a matter of weeks as the Covid-19 pandemic hit developed economies, markets across all asset classes, and governments and central banks stepped in to provide some certainty and avert disaster. We finish by considering some of the challenges that may lie ahead and why we believe the fund should perform well through future uncertainty.

Read in full: Multi asset credit: investing through Covid