Multi-asset strategies are targeted to meet a range of investment objectives which reflect our diverse client base, including pension plans, insurance companies and sovereign entities.

Our portfolios aim to generate smoother return streams by diversifying across markets, asset classes, geographies and investment styles and by managing strict risk budgets.

Our multi-asset range of strategies covers: traditional balanced, risk managed, flexible and income-oriented portfolios, specialised techniques (style factor) and portfolio protection.

Our philosophy 
Our multi-asset investment philosophy is based on the belief that:

• Markets are inherently inefficient over the short to medium term
• Asset prices exhibit excess volatility, relative to fundamentals, often leading to market mispricing
• However, markets can be expected to revert to a measure of 'fundamental value' over the long term
• We believe active asset allocation based on valuation can exploit this market over-reaction and mean reversion
• Asset allocation is the key driver of portfolio return and must be dynamic

The investment process for our core multi-asset solutions consists of three key stages:

1. Long Term Asset Allocation – setting the portfolio's reference allocation
2. Active Asset Allocation – risk aware active positions against the portfolio's long term positioning, reviewed frequently to ensure portfolio dynamism
3. Portfolio Construction – implementation and monitoring of the portfolio