Tactical change – 24 October 2024
The Multi Asset Team at Royal London Asset Management have made a tactical change to the asset allocation of the Governed Portfolios (GPs) and Governed Retirement Income Portfolios (GRIPs).
What’s changing?
Equity markets have remained close to all-time highs over recent weeks. Stronger data has helped markets brush off US recession fears, while geopolitical risk and uncertainty around the US election outcome remain a headwind. We have dialled back our overweight equity exposure in this backdrop and also moved towards neutral in bonds and commodities.
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
Overweight | Neutral | Underweight | |
Equities | Decreased | ||
Property | Increased | ||
Commodities | Increased | ||
High Yield | No change | ||
Government Bonds | Decreased | ||
Index Linked | Decreased | ||
Corporate Bonds | Decreased | ||
Absolute Return Strategies (including cash) | Increased |
For individual portfolio changes, please see factsheets.