SNAPSHOT2 min read

Charity Responsible Multi-Asset Fund update - Q2 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.



Nathalie Krekis
Portfolio Director
  • Global equities rose 6% in sterling terms during the second quarter. Against this backdrop, the Responsible Multi-Asset Fund generated a total return of 4.4%, bringing its total return since the start of the year to 10%.
  • We retain a neutral position in equities. The asset class is no longer cheap, with the MSCI World index trading above its historical average, but valuations are not excessive and we still expect modest earnings growth.   
  • We remain underweight bonds, favouring alternative assets such as listed infrastructure and commercial property, and we have also increased our allocation to gold.

Look out for details of our upcoming webinar on the 23rd July, where we will discuss in more detail how we have engaged with the companies we invest in

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.


Nathalie Krekis
Portfolio Director


Quarterly Report
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.