Multi asset quarterly review

Amid the political and economic uncertainty across the globe, what are the main factors affecting investors and the implications for asset allocation? Trevor Greetham, Head of Multi Asset at Royal London Asset Management, considers these points in his latest webinar.

Trevor Greetham, Head of Multi Asset, discusses the latest positioning of the Royal London Global Multi Asset Portfolios, the current themes influencing his asset allocation decisions, and looks ahead to the US presidential elections.

With extra stimulus coming through from China and the US, Trevor Greetham, Head of Multi Asset, considers the prospect of a fourth ‘mini cycle’ following the 2018 slowdown as the record-breaking US economic expansion continues. Trevor also notes some short term risks as we enter the usually volatile summer period, but will be looking to buy dips as signs build for a new acceleration of the world economy into next year.

At ten years this is the longest expansion in the US economy since records began in 1857 and yet a recession does not look to be imminent. Trevor Greetham shares insights into this historic phenomenon, using his Investment Clock approach to explain why we could be about to embark on a fourth ‘mini cycle’ upswing triggered by a new round of monetary easing. This line of reasoning suggests the next global downturn could be as far away as 2021. Investors should brace themselves for continued volatility though. Geopolitical risk could yet derail the world economy if the trade war intensifies or military conflict disrupts the flow of oil from the Middle East.

Trevor Greetham, Head of Multi Asset shares his latest review and outlook, updates on the Global Multi Asset Portfolios (GMAPs) and the positioning of the Investment Clock Model that guides his allocation.

Trevor Greetham, Head of Multi Asset shares his latest review and outlook.

Trevor Greetham, Head of Multi Asset provides his latest review and outlook.The Multi Asset funds we manage are moderately overweight in equities and high yield bonds with a tilt towards America and the Emerging Markets within our equity exposure.

As a result of the world economy continuing to slow down and inflationary pressures disappearing with the collapse of oil prices last year, our Investment Clock model is in reflation with low inflation and central banks looking at least to defer any rises to interest rates.

Brexit uncertainty remains so we continue to view this as something we should hedge rather than take big positions on.

As the GMAP range celebrates its three year anniversary, Trevor will reflect on the GMAP story so far, as well as discuss the investment outlook and introduce the recently launched Multi Asset Strategies Fund designed for investors with an absolute return mindset.

Trevor Greetham, Head of Multi Asset provides his latest review and outlook. The world economy is still slowing down, however, with some moves to stimulus and a drop in the oil price which has pushed inflation lower, our Investment clock model has moved around to Reflation.

With the original Article 50 deadline just around the corner and a decision looming about which path we take next, Head of Multi Asset, Trevor Greetham, and Economist, Melanie Baker share their thoughts on Brexit. Trevor and Melanie will consider the impact the situation has had on the UK so far as well as the range of potential outcomes that are still on the table, from an extension to a no-deal or even no-Brexit, and what this could mean for investors. They will also share their approach to positioning funds during these unpredictable times.

Watch the latest market views from Trevor Greetham, Head of Multi Asset, including our positioning using the Investment Clock approach and the impact of continuing uncertainty around Brexit.

Head of Multi Asset, Trevor Greetham, highlights three areas as the investment clock continues to move from the stagflation into the reflation stage of the business cycle. With lots of reasons why markets dropped and investor sentiment extremely depressed Trevor still sees some positive signs that 2019 could start off on a slightly firmer footing, with a US recession not as close as some may have predicted. With the Brexit outcome still impossible to foresee, Trevor believes that a focus on diversification is key rather than trying to pick winners.

Market outlook with Trevor Greetham, commenting on the latest position of the Royal London Global Multi Asset Portfolios and the Investment Clock model that guides his asset allocation

Trevor Greetham presents his latest quarterly update. During the webinar Trevor looks at navigating market risks, discussing the potential of a w-shaped recovery vs a bear market, as well as sharing his thoughts on Brexit as we seek to weather the impacts of this known unknown.

Market outlook with Trevor Greetham. He notes that the Investment Clock has been in a stagflation environment, with China-led growth slow down and inflation pressures forcing US interest rates higher, we witnessed one of the most volatile October's we've seen in the last few decades. However, he explains why he still sees the glass as half full at the moment.

With dramatic developments in the Brexit story, we are in a fast changing situation with much at stake for the country and for investment portfolios. Trevor Greetham, Head of Multi Asset at Royal London Asset Management shares his views on possible outcomes and how they are likely to impact a range of investments.

Trevor Greetham, Head of Multi Asset, explains why the Royal London Global Multi Asset Portfolios (GMAPs) have positioned equities broadly in line with the benchmark with an overweight in US equities. He notes stock market seasonality turns positive this time of year but October itself if often volatile. With the US economy strong, interest rates low elsewhere and China easing policy to offset trade war fears, the team see October volatility as a potential buying opportunity for stocks

Trevor Greetham, Head of Multi asset examines the three myths around multi asset income and how to avoid any hidden risks in retirement. He explores potential investment strategies to sustain an income through retirement. He also provides an update on the positioning of the Investment Clock and the Global Multi Asset Portfolios (GMAPs).

Trevor Greetham, Head of Multi Asset, explains why the Royal London Global Multi Asset Portfolios have their lowest equity weighting since launch almost three years ago. Equities are now close to benchmark with the emerging markets and commodities underweighted as the Investment Clock moves into mild Stagflation territory. Global growth is coming off the boil, but inflation is drifting higher, and the US and UK central banks are raising interest rates.