Multi-asset manager Onuekwusi increases risk weightings

Aviva Investors' Justin Onuekwusi has increased his exposure to risk assets across his multi-asset portfolios in recent months, including taking his first positions in high yield debt.

Onuekwusi manages Aviva Investors’ £20m Cautious Multi-Asset fund, £31m Balanced Managed Multi-Asset fund and £20m Adventurous Multi-Asset fund, which were all launched in November last year. He has taken a 2% position in high yield in the Cautious fund and 3% in both Balanced Managed and Adventurous through investment in an internal fund, the Aviva Investors Global High Yield Bond fund. “Recently we have ventured into the high yield bond market for the first time. “This is because valuations are looking especially cheap compared to sovereign bonds, and yields have picked up consi...