Quilter's WealthSelect increases value tilt in rebalance

The "modest but deliberate shift" in equities saw a reduction in the range's passive US exposure in favour of value and small- and mid-cap (SMID) equities, with the portfolio management team citing heavy concentration within US mega-cap technology and AI-related businesses. That has led to a broadening of the opportunity set and an increasingly discerning market, the team added, which could create a more favourable backdrop for active managers, value strategies and selected SMID opportunities. Additionally, WealthSelect portfolios have shifted further away from passive gilt exposure t...