Columbia Threadneedle slashes multi-asset equity weightings amid trio of risks

Cautious approach due to recession and political risks

David Brenchley
clock • 4 min read

A trifecta of recession, trade and Brexit-related risks, combined with "fuller" valuations, mean the Threadneedle Dynamic Real Return fund has become more and more cautiously positioned throughout the year, according to co-manager Maya Bhandari.

The manager, who is also a member of Columbia Threadneedle's global asset allocation team, explained the fund's portfolio is therefore the most neutrally positioned it has been for five years. "As market valuations have become fuller and some of those risks on the horizon have remained, and in some cases increased, we've turned more cautious," Bhandari said. Fidelity derisks across £32bn multi-asset range With market valuations falling in Q4 2018 despite little change in fundamentals, Bhandari said the team was busy adding to positions they liked including Asian and Japanese equiti...

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 UK

Spring Budget 24: Monitoring framework for Mansion House Compact announced
UK

Spring Budget 24: Monitoring framework for Mansion House Compact announced

Working with ABI to ‘finalise a framework’

Jonathan Stapleton
clock 06 March 2024 • 1 min read
Spring Budget 24: Chancellor 'remains committed' to pot for life reforms
UK

Spring Budget 24: Chancellor 'remains committed' to pot for life reforms

Undertake 'continued analysis and engagement'

Martin Richmond
clock 06 March 2024 • 1 min read
Friday Briefing: Budget Day looms
UK

Friday Briefing: Budget Day looms

Friday Briefing

Eve Maddock-Jones
clock 04 March 2024 • 3 min read
Trustpilot