Our tactical views are implemented via reallocations between asset classes while keeping the underlying investment structure intact and balanced.
Robert Curtin, one of Corestone’s directors of research, says: “We construct our portfolios and select our managers within the various asset classes with a long-term view of their performance behaviour and contribution over a whole cycle and always in connection to all other active or passive managers in our portfolios. This view is an integral part to our investment process”.
Timing the market is next to impossible, in our opinion, and we refrain from taking positions on views that are too short-term, i.e. one month. At a manager level, given the current environment, higher cash allocations do not concern us. Over a whole cycle, we will always experience these kinds of developments and let the managers decide how to best allocate the assets.
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