Industry news and views from Panacea and our partners.
Multi Asset/Multi Manager_
Invesco: Webcall replay: Multi asset Q2 2019 review and macroeconomic outlook
In this webcall, Multi Asset Product Director, Clive Emery covers performance of the multi asset teams fund, any changes made to it during the second quarter of 2019 and the Henley-based macroeconomic outlook for 2019.
Rathbones In the KNOW blog: Brexit reset
What would a Martian think of the Brexit argument or the Hammersmith & City line for that matter? David Coombs, our head of multi-asset investments, explains his thinking as Boris Johnson takes power in the UK.
Seneca: Its time to specialise White Paper and Webinar
As the global economy may be overdue for a downturn with increased geo-political uncertainty, Seneca IM believes adding specialist assets such as real estate investment trusts, infrastructure and specialist financials to an investment portfolio makes sense.
Seneca: latest fund factsheets are now available
At Seneca Investment Managers we are experts in Multi-Asset Value Investing and would like to help guide you on your search. We think our results speak for themselves.
Defaqto: Webinar: Multi-asset - Multi purpose
In this webinar, Roger Perry will cover: - how financial advisers can use multi-asset funds for growth - how to use multi-asset funds to generate a natural income - how to use multi-asset funds as a part of your CIP - how financial advisers can evidence multi-asset recommendations by using Defaqto Engage
Rathbones In the KNOW blog: Road kill
Will McIntosh-Whyte of Rathbones, reflects on the risky business of managing multi-asset funds, and why you should always remember the Green Cross Code.
Prudential: Whats the benefits to advisers and clients of risk bound fund families?
Find out about the benefits in the new Defaqto risk bound fund family report. It provides a regulatory update, an overview of the multi-asset fund universe and a framework for rating and selecting from both a quality and suitability point of view.
Latest Seneca Global Income & Growth Trust plc factsheet is now available
The value of Seneca - applying a value ethos across a range of assets: why restrict good thinking to just one asset class when it can be applied to many?
Rathbones In the KNOW blog: 10 years ago, I dreamed a dream
They used to call David Coombs crazy. When he set up our multi-asset funds 10 years ago, many people didnt get why we were setting targets for return and risk that investors could hold us to.
Defaqto: Fettered versus unfettered funds
Multi-manager funds, where the manager selects the funds they believe to be the best in each asset class for their portfolio (rather than investing in shares, bonds or other investments directly), can be either fettered or unfettered, Patrick Norwood explains in this article.
Rathbones In the KNOW blog: A ray of sunshine
David Coombs gets his grump on about the state of global politics. But our head of multi-asset investments is refreshed by the approach of a pragmatic and thoughtful businessman.
Schroders:
On 20 August 2018, an unknown Swedish teenager called Greta Thunberg stood in solitary protest outside the Swedish parliament. Frustrated at the same unacceptably sluggish action on climate change we highlight in our Climate Progress Dashboard, Thunberg nonetheless cut a lonely figure. A self-proclaimed introvert, it seems unlikely that Thunberg would have envisaged that six months later, around 1.6 million students would protest her cause around the world.
Rathbones In the KNOW blog: Actions speak louder than tick boxes
Mass reporting on ESG factors could backfire, warns David Coombs, Rathbones head of multi-asset investments. Better to have active engagement and a deeper understanding of the companies you invest in.
Seneca: Long-term Returns and the Dangers of Complacency
I certainly like the idea of defining volatility in terms of whether you reach your investment goal, rather than short- term volatility. The former risk relates to permanent loss of capital if you fail to achieve your goal then the shortfall is one you can never make up. Short-term volatility on the other hand should simply be viewed as a cost of seeking to achieve your long-term goal rather than a risk to be avoided unless you have an absurdly unambitious goal your portfolio will always have its ups and downs from year to year.
Rathbones In the KNOW blog: Detachment from market mood swings
With markets lurching from greed to fear and back again, Rathbones head of multi-asset investments discusses the importance of having good shock absorbers in your portfolio.
Seneca IM: Peter Elston Investment Letter - Gold is not what you think it is
In this months letter, Peter writes about gold and how it may be an alternative to cash in an investment portfolio in a world in which paper currencies are being debased by central banks.
Rathbones In the KNOW blog: Thinking for yourself
Dont let robots blindly guide you, warns David Coombs, our head of multi-asset investments. Algorithms are great investors right up to the point when things change which is more often than programmers would like.
Aviva Investors: Keeping multi-asset solutions on track
In an evolving world of tighter monetary policy, increased volatility and moderating growth it is crucial to engineer solutions that can go the distance.
Seneca Investments Managers: Searching wider for ISA income this year?
LF Seneca Diversified Income Fund is eligible for your clients' ISAs Here at Seneca IM, we understand that investors are having to search wider for an attractive income in their ISA. This is where our Diversified Income Fund can deliver.
Schroders: Our multi-asset investment views for February 2019
In this month's multi-asset views we discuss the potential for modest gains in risk assets, while remaining mindful that economic growth is weakening.
Seneca: Searching wider for ISA income this year?
Here at Seneca IM, we understand that investors are having to search wider for an attractive income in their ISA. This is where our Diversified Income Fund can deliver.
Seneca Investment Managers Multi-Asset Market Winter Review and Outlook for 2019
Seneca IMs Head of Business Development, Stephen Hunter speaks with Peter Elston, CIO, as they discuss his outlook for 2019 as well as the reasons for a late 2018 Kaboom.
Invesco Global Targeted Returns Fund (UK) Q4 2018 review
Listen to Clive Emery Multi Asset Product Director discuss the Invesco Global Targeted Returns Fund (UK)s* performance in Q4 2018, new ideas in the fund, changes to the strategy and the Henley-based Multi Asset team's macroeconomic outlook for 2019.
Seneca: Peter Elston: Investment Letter
Last year we laid out a road map for a gradual reduction in our funds equity exposure, firstly from overweight in relation to strategic asset allocation (SAA) towards neutral, then from neutral to underweight. In our latest reduction at the beginning of October, we reduced equity targets for our three public funds LF Seneca Diversified Income Fund, LF Seneca Diversified Growth Fund, and Seneca Global Income and Growth Trust to 32.5%, 47.5%, and 52.5% respectively. These positions represent underweights in relation to SAA of 7.5%, 12.5% and 7.5% respectively the reason the growth funds underweight is greater than those of the other two is that it has no requirement to distribute income so can be higher conviction with respect to its tactical asset allocation.
Seneca: Peter Elston: Investment Letter
Last year we laid out a road map for a gradual reduction in our funds equity exposure, firstly from overweight in relation to strategic asset allocation (SAA) towards neutral, then from neutral to underweight. In our latest reduction at the beginning of October, we reduced equity targets for our three public funds LF Seneca Diversified Income Fund, LF Seneca Diversified Growth Fund, and Seneca Global Income and Growth Trust to 32.5%, 47.5%, and 52.5% respectively. These positions represent underweights in relation to SAA of 7.5%, 12.5% and 7.5% respectively the reason the growth funds underweight is greater than those of the other two is that it has no requirement to distribute income so can be higher conviction with respect to its tactical asset allocation.
Latest Factsheets from Seneca Investment Managers
Please find in the links below Seneca Investment Managers' latest fund factsheets for the LF Seneca Diversified Income Fund and LF Seneca Diversified Growth Fund. We hope you find them useful.