Rathbones' Coombs: Why I am buying diversifiers

clock

Rathbones' multi-asset head David Coombs explains why he is seeking out property and long/short funds as diversifiers, while making the shift in to large caps.

The momentum behind growth and falling unemployment in the US has continued. However, both the Federal Reserve and investors are aware of the fragility of the recovery, especially as corporates are not reporting significant earnings growth. Equity markets look fair value globally, which means that earnings growth needs to be realised for markets to climb higher. This will, of course, have repercussions for the trajectory of quantitative easing and any interest rate rises from here. We do not expect that rates will rise imminently, as this scenario is also dependent on the consumer'...

To continue reading this article...

Join Investment Week for free

  • Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
  • Get ahead of regulatory and technological changes affecting fund management
  • Important and breaking news stories selected by the editors delivered straight to your inbox each day
  • Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
  • Be the first to hear about our extensive events schedule and awards programmes

Join now

 

Already an Investment Week
member?

Login

More on Managed funds

RSMR launches Passive Plus MPS range with five portfolios to market

RSMR launches Passive Plus MPS range with five portfolios to market

'Simplicity' of passives

Hope Coumbe
clock 29 February 2024 • 1 min read
Quilter WealthSelect exits impact EM fund following exclusion breach investigation

Quilter WealthSelect exits impact EM fund following exclusion breach investigation

Part of the portfolio’s sustainable range

Valeria Martinez
clock 04 October 2023 • 3 min read
Partner Insight: Is volatility an advantage for active managers?

Partner Insight: Is volatility an advantage for active managers?

Given their mandate to pick the winners, market volatility is often said to be favourable for actively managed funds. But is this actually the case?

Stephen Lawrence, Head of Indexing Research, Investment Strategy Group, Vanguard
clock 14 August 2023 • 10 min read
Trustpilot