Defensive Growth

Our mission is simple – we take advantage of a breadth of opportunity across a diverse range of asset classes, aiming to deliver attractive returns with lower volatility than equity markets.

We seek to provide a diversified, actively managed portfolio with dual objectives equally focussed on return and risk. In-built portfolio screening and a proprietary sustainability assessment give peace of mind that the portfolio holdings comply with a ‘sustainable economy’*.

We take a broad opportunity set and turn it into a single fund which offers clients an effective way to achieve diversification at lower volatility levels than equity markets.

Our objectives: 

• a return of 3.5 per cent more than UK base rate over rolling five-year periods and a positive return over rolling three-year periods 
• volatility of returns below 10 per cent over rolling five-year periods  

*We define a ‘sustainable economy’ as one that achieves a balance between economic, environmental and social needs.

We’ve been investing in multi-asset portfolios since 2009. We seek to avoid complexity and are positioned to achieve returns with lower volatility than equity markets.

We identify the major drivers of markets and apply our expertise to construct a portfolio that invests across asset classes, incorporating: 

• Macroeconomic views 
• Long-term return expectations 
• Risk and near-term scenario analysis 
• A sustainability assessment framework
• Revenue- and norms-based screening

The result is a top-down, macroeconomic and research-led portfolio, which seeks to generate value for our clients throughout economic cycles.