Multi-managers: How we use passives in our portfolios

Andy Parkes Fund manager, WDB Assetmaster     While we are predominately active managers we do acknowledge the benefits of using passive investments at certain points during the investment cycle. Exposure to passives has been gained through two main avenues, the first being exchange traded funds (ETFs) which we have used to enhance performance via short-term trading positions or for gaining exposure to areas which lacked active alternatives. We have also used structured products at certain times, particularly during periods of volatility when these investments can offer extreme...