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Our views 14 January 2020

Capture not correlation

By Trevor Greetham, Head of Multi-Asset

5 min read

Trevor Greetham explains why it’s time for a fresh look at diversified growth funds

The diversified growth fund (DGF) sector has fallen out of favour in recent years. High-profile active strategies have performed relatively poorly in rising markets and while relatively inexpensive buy and hold strategies have done well, expensive equity and bond valuations put a question mark over future returns. Some institutional investors have abandoned the sector, seeking uncorrelated growth in less liquid asset classes such as infrastructure, leveraged loans and private debt.

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