Simon Evan-Cook: Pick your battles

As the pendulum swings

clock • 4 min read

Rather than 'bet' on specific market outcomes, writes Simon Evan-Cook, a large part of the multi-manager's job is to find excellent fund managers, then allocate capital to those with the healthiest opportunity set

Back in October, before the whole ‘reflation' brouhaha kicked off, we had been warning that a whole ‘reflation' brouhaha might be about to kick off. Having spotted the nascent trend - and been fairly fortunate with our timing - it is fair to ask: should we have bet the house on the reflation trade? We don't think so. We were happy to tilt towards reflationary assets, as that is where the risk-reward trade-off was more attractive. But there was no guarantee reflationary forces were going to win. So we thought our stance - best described as a ‘best of either deflation or reflation, but wit...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Managed solutions

Multi-asset sentiment indicator: Positive view on UK equities

Multi-asset sentiment indicator: Positive view on UK equities

'UK equities remain cheap when compared to overseas'

Paul Ilott
clock 13 March 2024 • 5 min read
Insourcing is 'evolution not revolution' for advice firms

Insourcing is 'evolution not revolution' for advice firms

‘We see it as an elegant halfway house for both advisers and their clients’

Isabel Baxter
clock 05 March 2024 • 2 min read
Timeline portfolios go live on SS&C Hubwise platform

Timeline portfolios go live on SS&C Hubwise platform

Move to ‘drive down costs and improve results’ for advisers

Jenna Brown
clock 28 February 2024 • 1 min read