Buckle cuts equities and property weighting on UBS Multi-Asset Income

UBS Multi-Asset Income fund manager David Buckle has cut back portfolio weightings to equities and property and moved into corporate bonds and high yield.

The fund, which hit its first year anniversary at the start of November, has produced a positive return for investors so far, but while Buckle is favouring credit, he sees potential threats, not least a lack of liquidity and this is affecting where he allocates assets. He talked to Asset TV about why he does not like government bonds and why Asia is not attractively priced. Has this fund done what it set out to do? The first objective of this fund is to pay an income, which it has done, it has hit its target for income payment. The secondary objective is to ensure there is capital ap...