The Investment Clock

The Investment Clock is a tactical asset allocation model that Trevor Greetham, Head of Multi Asset at Royal London Asset Management (RLAM) uses to guide our tactical strategy for our Governed Range.

How does the clock work?

The clock's horizontal axis, left to right measures inflation while its vertical axis indicates economic growth. In simple terms, the economic cycle moves through waves, from prosperity to decline, with central banks inflating or deflating monetary policy as a means of stabilising activity within the economy.

Source: Royal London Asset Management, for illustrative purposes only

Tracking the movement through each of the clock's quadrants: Reflation, Recovery, Overheat and Stagflation, can guide rotation across assets and sectors.

What time is it now?

Find out where we are on the clock right now by watching our latest update.

Investment Clock reports

news July 2019 (PDF) 
Fed ease to trigger new upswing

news April 2019 (PDF) 
Volatility is here to stay

news February 2019 (PDF) 
Dark clouds, but no storm

Investment Clock and the Governed Range

The Governed Portfolios and Governed Retirement Income Portfolios (GRIPs) are risk-targeted centralised investment propositions with a strong emphasis on investment governance. The tactical asset allocation of each of these portfolios is delegated to Trevor Greetham by the Investment Advisory Committee (IAC).

Our Investment Advisory Committee (IAC) meets every quarter to review our risk-graded Governed Range and fund range. Read the summary notes from their most recent meetings. 

The Investment Clock is just one of a range of tools that makes our tactical strategy more robust and more active based. It also brings an additional layer of expertise and strengthens the investment process of our Governed Range.

Last updated: 10 Feb 2017

This website is intended for financial advisers only and shouldn't be relied upon by any other person. If you are not an adviser please visit royallondon.com.

The Royal London Mutual Insurance Society Limited is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority. The firm is on the Financial Services Register, registration number 117672. It provides life assurance and pensions. Registered in England and Wales number 99064. Registered office: 55 Gracechurch Street, London, EC3V 0RL.