Snapshot - 2019

Charity Responsible Multi-Asset Fund update - Q3 2019

Nathalie Krekis, co-manager of the Responsible Multi-Asset Fund, provides an update on the Fund’s performance and positioning in the period April-June 2019.

16 Oct 2019

Nathalie Krekis

Nathalie Krekis

Portfolio Director

Cazenove Charities

The Responsible Multi Asset Fund reached its first anniversary in August. It now has over £50m in assets from 31 charity clients.

The fund returned 13% in the nine months to the end of September. Equities and bonds have both performed strongly this year, thanks in large part to monetary policy easing by central banks.

We think equities could experience higher levels of volatility in the coming months. There are a number of “known unknowns” that could be the trigger for this, including the US-China trade conflict, impeachment proceedings agaisnt President Trump and the US election. 

The fund is maintaining its exposure to equities. However, to position for higher volatility, it has a slightly elevated cash position and has increased its exposure to alternatives.

 

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