Charity Multi-Asset Fund update - Q2 2019

  • Global equities and bonds have benefited from indications of easier monetary policy from major central banks.
  • The Charity Multi-Asset Fund generated a total return of 3.1% for the quarter and continues to meet its long-term objectives.
  • Equities are no longer cheap but we retain a neutral exposure to the asset class to gain exposure to modest growth in corporate profits. We remain underweight bonds, given that the yields on offer from government bonds are below current inflation. We continue to like alternative assets for diversification purposes. 
  • The fund now manages over £600m on behalf of over 360 underlying charity investors.

The opinions contained herein are those of the author and do not necessarily represent the house view. This document is intended to be for information purposes only. The material is not intended as an offer or solicitation for the purchase or sale of any financial instrument. The material is not intended to provide, and should not be relied on for, accounting, legal or tax advice, or investment recommendations. Information herein is believed to be reliable but Cazenove Capital does not warrant its completeness or accuracy. No responsibility can be accepted for errors of fact or opinion. This does not exclude or restrict any duty or liability that Cazenove Capital has to its customers under the Financial Services and Markets Act 2000 (as amended from time to time) or any other regulatory system. Cazenove Capital is part of the Schroder Group and a trading name of Schroder & Co. Registered Office at 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. For your security, communications may be taped and monitored. 

Contact Cazenove Charities

Achieving your charity's investment objectives takes time and thought. To find out how we can help you please contact:

James Brennan

James Brennan

Portfolio Director