Charity Multi-Asset Fund update - Q3 2019

Tom Montagu-Pollack discusses market developments, recent performance and our current positioning



Tom Montagu-Pollock
Co-Head of Charities and Fund Manager

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. 


This article is issued by Cazenove Capital which is part of the Schroders Group and a trading name of Schroder & Co. Limited, 1 London Wall Place, London EC2Y 5AU. Authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority. 

Nothing in this document should be deemed to constitute the provision of financial, investment or other professional advice in any way. Past performance is not a guide to future performance. The value of an investment and the income from it may go down as well as up and investors may not get back the amount originally invested.

This document may include forward-looking statements that are based upon our current opinions, expectations and projections. We undertake no obligation to update or revise any forward-looking statements. Actual results could differ materially from those anticipated in the forward-looking statements.

All data contained within this document is sourced from Cazenove Capital unless otherwise stated.


Tom Montagu-Pollock
Co-Head of Charities and Fund Manager


Charity Multi-Asset Fund

The value of your investments and the income received from them can fall as well as rise. You may not get back the amount you invested.