Investor sentiment stayed in panic territory in recent weeks, even as global equity markets stabilised following steep declines in October. We continued to add to equity exposure, funded out of cash and short duration high yield debt. We are conscious of the risk that markets may retest recent lows; however, we expect equities to make further progress into 2019, albeit with increased volatility. Longer term, we remain positive on equities.
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.
Head of Multi Asset at Royal London Asset Management
Trevor Greetham is a portfolio manager at Royal London Asset Management. Prior to joining Royal London in 2015, Trevor was asset allocation director for Fidelity Worldwide Investment, where he was responsible for implementing tactical investment decisions across a wide range of institutional and retail funds including the Fidelity Multi Asset Strategic Fund.