Perspective

Charity Multi-Asset Fund webinar recording


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.

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 james.brennan@cazenovecapital.com