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.
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
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