17 January 2025
Quilter’s WealthSelect managed portfolio service has conducted an ad hoc rebalance across its WealthSelect Managed, Responsible and Sustainable ranges.
Following recent government bond market performance, portfolio managers Stuart Clark and Helen Bradshaw have reviewed the fixed income positioning within the portfolios. The team has increased the fixed income allocation at the lower risk levels within the range.
While the rebalance considered bond markets broadly, the recent underperformance of Gilts meant the holding was both topped up to its previous model level as well as benefiting from the higher overall fixed income allocation.
This move was made on 13 January 2025 and follows WealthSelect’s latest quarterly rebalance in December when the team increased its equity allocation to the United States, particularly large cap value, following the re-election of Donald Trump.
The latest tactical adjustment reflects the portfolio management team’s continuous commitment to capitalising on market opportunities and managing investment risks effectively.
Stuart Clark, portfolio manager at Quilter Investors, said:
“As evidenced by our previous ad hoc rebalances, we are always willing to be nimble in repositioning the portfolios when we believe it will help achieve the best client outcomes.
“We have been closely monitoring bond markets since our December rebalance, and we felt it was an opportune moment to lean into this market weakness, utilise our ability to actively manage the overall position of the portfolios, and increase our fixed income allocation.”
