The Share Centre's multi-manager funds have continued to up their exposure to real assets in anticipation of a continued low interest rate environment and expectations recent fiscal and monetary interventions will lead to higher inflation in future.
The weighting to real assets across the suite of three multi-manager funds had increased to between 21.5% and 23% by the end of March, from just 2% to 6% in June 2018, the firm said. The range, which include the ES Share Centre Multi-Manager Growth & Income, the ES Share Centre Multi-Manager Income and the ES Share Centre Multi-Manager Growth funds, tried to remain "liquid" through the March stockmarket crash, manager Sheridan Admans told Investment Week. That said, it had begun to deploy cash through April, with the portion of assets in money market instruments down to around 8% in e...
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