Aviva's Fitzgerald: Why my cash allocation is at a three-year high

TOP PERFORMERSAviva's Fitzgerald: Why my cash allocation is at a three-year high

clock • 3 min read

Peter Fitzgerald, manager of the Aviva Investors Multi-Manager 20-60% Shares fund, tells Maria Merricks why he prefers to hold a relatively large cash buffer for the time being.

1 What have been the main drivers behind the fund's outperformance over five years? The outperformance has been driven by a combination of security selection and asset allocation. The asset allocation decision to overweight equities compared to bonds, alternatives and cash has proven to be the correct decision over this time period. One of the key drivers to returns was a decision to overweight European equities over the summer of 2012, prior to Draghi's speech, where he famously claimed he would ‘do whatever it takes' to save the euro. We had already taken the view that Europe was un...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Investment

The top reasons advisers recommend multi-asset funds

The top reasons advisers recommend multi-asset funds

90% of advisers use multi-asset strategies, Aegon finds

Jen Frost
clock 02 September 2024 • 2 min read
Titan Wealth to shutter multi-asset range of funds

Titan Wealth to shutter multi-asset range of funds

Move follows Tavistock partnership collapse

Linus Uhlig
clock 02 September 2024 • 1 min read
Partner Insight: Is 'Spikeflation' on the cards after rate cut?

Partner Insight: Is 'Spikeflation' on the cards after rate cut?

Royal London’s Trevor Greetham, explains how advisers can navigate ‘spikeflation’

Royal London
clock 28 August 2024 • 2 min read