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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.



Nathalie Krekis
Portfolio Director

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.

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.