Horizon by Embark's Rostron: Long-term growth potential of the UK has weakened

Triggered by fall in equities and properties exposure

The CEO of Horizon by Embark, a range of five multi-asset portfolios, has said there had been some asset allocation changes this year, including a reduction in exposure to both UK equities and property.

The Embark Group acquired Horizon, which is the authorised corporate director of the five risk-profiled funds, as part of its purchase in November 2019 of Zurich's platform Advance. CEO Thomas Rostron said: "On the one hand, we felt there was good potential for us to grow and accelerate the business. But, in terms of how the investments are managed, we felt it had been a successful formula over the years. So we decided not to make any significant changes to the investment process." He called it a three-step process "where the ACD sets the overall strategy, decides who to outsource to ...