Responsible Multi-Asset Fund: 2019 first quarter update

Fund benefits from stock market rebound

Stock markets around the world have recovered sharply over the quarter. This helped the Responsible Multi-Asset Fund generate a return of 6% since the start of the year. 

Positioning - neutral equities and tactically underweight bonds

We would look to add to our equity position on market pullbacks. We prefer alternative asset classes to fixed income.

What we’re watching

With unemployment at very low levels, we’ll be looking at corporate earnings to see whether higher wage costs are starting to impact profits. 

Sustainability report

We have just published our 2018 sustainable investment report. Last year, we were involved in 2,200 ESG engagements and retained our A+ rating from the UN PRI.

You can download the report here


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