An insight into Multi-Asset Portfolio Management
With Barry Widdows, Head of Multi-Asset Portfolio Management
There are many multi-asset teams out there; all of them trying to do the best for their clients and facing the same challenges. The difference between them is often more about how they go about things, rather than the results they achieve.
Over many years, PPMG has invested considerable time, effort and resource into making sure processes around both Strategic Asset Allocation (SAA) and Tactical Asset Allocation (TAA) are as efficient and effective as possible - with the prime focus on client outcomes.
The anatomy of long-term asset allocation provides an insight in to the SAA process and its outcomes. It also describes PPMGs approach to formulating Capital Market Assumptions and asset class modelling.
PPMG's fundamental approach, supported by the considerable financial strength of Prudential, is to operate as long-term investors. This allows them to invest in illiquid 'alternative' asset classes with different risk and return characteristic to a portfolio, often with low correlation to traditional assets classes like equities, that might not be available to other retail investors.