How are wealth managers positioning cautious portfolios?

CAUTIOUS MANAGED

Managers running cautious multi-asset portfolios have faced a particularly testing environment in recent months, as traditional perceptions about ‘less risky' assets have been challenged.

With cautious managed portfolios often required to have up to 70% invested outside equities, meeting investors’ expectations has not been easy. Even within equities, defensive stocks led this year’s market rally, and many managers have questioned how much more upside can be expected from the ‘safest’ names. Annabelle Williams speaks to managers at RMG Wealth and Courtiers to find out how they are positioning their cautious portfolios for what could be more turbulent times ahead. “In the last 30 years, equities and bonds have gone up so it has been pretty easy [to find decent return...