Charity Multi-Asset Fund update - Q3 2019

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. 


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