PERSPECTIVE3-5 min to read

Charity Multi-Asset Fund webinar recording

Watch our latest Charity Multi-Asset Fund Investor update with Tom Montagu-Pollock and Caspar Rock

11/11/2021
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Authors

Tom Montagu-Pollock
Co-Head of Charities and Fund Manager
Caspar Rock
Chief Investment Officer

Cazenove Charities Portfolio Director, Tom Montagu-Pollock, is joined by Caspar Rock, who provides an update on our economic and market outlook as well as providing an introduction and overview of the Schroders Diversified Alternative Assets Fund – an important element within the Charity Multi-Asset Fund.

Over the last 10 years the Charity Multi-Asset Fund has returned +7.7% p.a. net of fees, exceeding the target return (inflation +4%) of +6.4% p.a.

We expect that the ongoing economic recovery and low interest rates will remain supportive of equity markets. We continue to see opportunities in longer-term themes, such as healthcare, technology and the energy transition, as well as more cyclical sectors as economies fully reopen. However, we may be heading towards a more volatile period for markets as growth momentum cools, inflation remains at somewhat elevated levels and central banks begin the process of normalising monetary policy. We therefore maintain our exposure to defensive and diversifying assets. We continue to see gold as an attractive hedge against inflationary tail risk, but it could come under pressure as yields rise.

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.

Authors

Tom Montagu-Pollock
Co-Head of Charities and Fund Manager
Caspar Rock
Chief Investment Officer

Topics

Perspective
Charities
Charity Responsible 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.