Quilter’s WealthSelect managed portfolio has increased its fixed income allocations.
The rebalance has taken place in its managed, responsible and sustainable ranges and has seen the fixed income allocation increased at the lower risk levels within the range.
Managers Stuart Clark and Helen Bradshaw considered bond markets broadly.
They said the recent underperformance of gilts meant the holding was both topped up to its previous model level as well as benefiting from the higher overall fixed income allocation.
Stuart Clark, portfolio manager at Quilter Investors, said: “As evidenced by our previous ad hoc rebalances, we are always willing to be nimble in repositioning the portfolios when we believe it will help achieve the best client outcomes.
“We have been closely monitoring bond markets since our December rebalance, and we felt it was an opportune moment to lean into this market weakness, utilise our ability to actively manage the overall position of the portfolios, and increase our fixed income allocation.”
The changes were made on January 13 and come after WealthSelect’s most recent quarterly rebalance in December when the team increased its equity allocation to the United States, particularly large cap value, following the re-election of Donald Trump.
The latest tactical adjustment reflects the portfolio management team’s continuous commitment to capitalising on market opportunities and managing investment risks effectively.
tara.o’connor@ft.com
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