Charity Responsible Multi-Asset Fund update - Q3 2019

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.

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. 

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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