Charity Multi-Asset Fund update - Q3 2019
Tom Montagu-Pollack discusses market developments, recent performance and our current positioning
16 Oct 2019
Over ten years the fund has delivered a return for investors of 6.4% net of fees. The fund gained 10.6% in the first nine months of 2019.
Equities and bonds have both performed strongly this year, thanks in large part to support from global central banks.
We maintain a meaningfully underweight position in bonds and a neutral stance on equities.
We continue to focus on diversification within the portfolio and have raised our allocation to alternatives. We added to our positon in gold and initiated a position in Schroders Diversified Alternative Assets Fund, which provides exposure to alternative investments including real estate, infrastructure and private equity.