Tilney Sustainable MPS adjusts portfolio amidst dire market conditions

Recent re-balance

clock • 1 min read
Genevra Banszky von Ambroz, lead manager of Tilney Sustainable MPS
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Genevra Banszky von Ambroz, lead manager of Tilney Sustainable MPS

With an eye on a market hit by the war in Ukraine, Tilney Smith & Williamson's Tilney Sustainable Managed Portfolio Service (MPS) team has sold their exposure to Lyxor US TIPS in favour of cash and short-dated UK gilts, while at the same time adding to their short-dated investment grade credit and absolute return funds in the more risk averse portfolios.

In the re-balance, the sustainable MPS team also purchased positions in Schroder Global Sustainable Value and Baillie Gifford Responsible Global Equity Income. According to Tilney, the former has been added to the portfolios to reduce the heavy bias within the portfolios to growth, while the latter has been added to take advantage of best-in-class companies which are growing whilst also being able to support paying a dividend. In fixed income, as well as selling exposure to Lyxor US TIPS, Tilney is to offload the Rathbone Ethical Fund due to an assessment of its yield curve as overlon...

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