We have reduced our exposure to equities ahead of the typically volatile summer months and spread the proceeds across global high yields and gilts.
We have also added to our holdings in Commodities in order to retain some exposure to a strengthening global economy.
The overall change seeks to reduce risk within the portfolio at a time of heightened geopolitical risk.
You can access up to date views from Trevor on the market and the movements of the Investment Clock on our Latest Investment Clock updates page.
|Absolute Return Strategies (including cash)|
Directions of arrows show overall change from previous tactical change. For individual portfolio changes, please see factsheets.