Dynamic Asset Allocation
The Funds aim to exploit the continually changing opportunities offered by different asset classes around the world. The dynamic asset allocation process combines long-term strategic investment in assets most likely to meet the Fund’s objectives over time, with shorter-term tactical decisions which can protect assets in times of stress.
We believe that using index-tracking funds is the best way to access most asset classes. This is a good way to reduce investment management costs and improve returns to the investor. It removes individual stock risk and avoids underperforming active investment managers. On average active managers perform less well than just buying the shares in the index as the chart below shows.
