Tactical change – 20 April 2017

27 April 2017
Trevor Greetham, Head of Multi Asset at Royal London Asset Management, has made a tactical change to the asset allocation of the Governed Portfolios (GPs) and Governed Retirement Income Portfolios (GRIPs).

What’s changing?

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.

Keep up to date with Trevor’s latest views

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.

Latest tactical positions

 OverweightNeutralUnderweight
Equities    
Property    
Commodities    
High Yield    
Gilts    
Index Linked    
Corporate Bonds    
Absolute Return Strategies (including cash)      

Directions of arrows show overall change from previous tactical change. For individual portfolio changes, please see factsheets.

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Last updated: 27 Apr 2017

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