Adopting a suitable investment strategy for different stages in a market or economic cycle requires understanding what drives asset classes, says RLAM head of multi-asset Trevor Greetham in this video interview.
Talking to Professional Adviser editor Julian Marr in the above video, Greetham (pictured) says Royal London Asset Management (RLAM) is assisted in this aim by reference to what it calls the investment clock. "Depending on where we are in terms of global growth and global inflation cycles, we tilt the portfolio towards either equities or bonds or commodities or cash," he explains. "What we find is, for a multi-asset portfolio to be successful over the long run, you need to have all those asset classes in the mix to start with. Then, if you are analysing what is happening to growth an...
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