Real governance needs to be transparent so you can see what action we've taken and why. This should give you and your clients peace of mind that we're looking after their investments.
The Investment Advisory Committee (IAC) meet every quarter to review our Governed Range and funds. Highlights from the most recent meetings can be found below.
Details of previous IAC meetings can be found on the governance meeting updates archive.
• There have been three tactical asset allocation changes since the last IAC meeting in August. Strategic Asset Allocation changes were made to the GRIPs in October and the new risk metrics implemented. No Strategic Asset Allocation changes were recommended for the Governed Portfolios.
• There are signs that growth is picking up, against a backdrop of loose monetary policy and low inflation. Against such a backdrop, central banks are unlikely to tighten in a meaningful way; this is positive for stocks and high yield, where we remain overweight. With seasonality now positive, we are likely to buy dips in stock markets rather than sell rallies. We’ve marginally increased our underweight in bonds and taken some profits in high yield. We have added to commodities at the margin.