How New Capital achieve risk-adjusted returns in different market conditions

Speaking to Investment Week recently, the manager of the New Capital Strategic Portfolio UCITS Fund, Moz Afzal, explained that his approach to portfolio construction is rooted in a long-term strategic and macro view. Afzal and his co-managers, Sailesh Bhundia and Michalis Rikos, look at the key factors of growth, inflation and interest rates but tactical tilts are also made - for example around Brexit or geopolitical risks related to North Korea and US trade relations. "Global investing gives us a much wider remit of investment types, economic cycles, currencies and valuation ranges. The...