Morningstar IM Europe rings the changes across passive range

Cash levels reduced

Morningstar Investment Management Europe has made a number of portfolio changes to its passive multi-asset range.

Emma Morgan, portfolio manager at Morningstar IM Europe, explained the changes were designed to minimize costs, identify assets with the best reward for risk and take advantage of opportunities arising from recent market volatility. The moves will be implemented across its five-strong model portfolio passives range; cautious, moderately cautious, moderate, moderately adventurous and adventurous. Portfolio changes In the equity space, the key changes include the introduction of global healthcare in the adventurous portfolios on the back of the sector's perceived attractive valuations...