The desire to keep costs as low as possible has led to both active and passive investments being used in the construction of Royal London's six-strong Global Multi-Asset Portfolio range, says the group's head of multi-asset Trevor Greetham in this video interview.
Talking to Professional Adviser editor Julian Marr, Greetham says the portfolios' passive exposure is predominantly in equities and commodities investments, whereas fixed income and commercial property are better accessed through active strategies. "Having a disciplined process that allows you to avoid some of the blow-ups that can happen with fixed income is important," he explains. "For its part, commercial property is a very diversifying, very interesting asset class that you cannot invest in passively. "So we have a blended approach that means the ongoing charges can come in at be...
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