Quarterly Review Q3 2024 - Cautious - Flipbook - Page 3
Performance summary
The Multi-Asset Blend Cautious Fund (“the Fund”) enjoyed another steady quarter
of positive returns, rising +1.7% over the third quarter and taking it to +5.4% for the
year-to-date.
Given its low risk pro昀椀le, Fixed Income is the dominant asset class in this Fund,
representing 40% of the asset allocation. Fixed Income markets were up nicely over
the quarter.
Also positively impactful on the Fund’s returns this quarter were our holdings in
Absolute Return and Property & Real Asset managers, within which our listed
infrastructure manager performed strongly as interest rate expectations declined.
Equities represent 30% of MAB Cautious. Global equities were only up modestly
over the quarter. UK equities and Emerging Market equities led the way but the US
and Japanese equity markets were both down.
MAB Cautious
IA Mixed Investment
0-35%
Quarter 3 2024
1.7%
2.5%
1 year
9.6%
10.5%
17th Oct 2022
(Since launch)
14.6%
15.0%
The Fund has seen
a return of 14.6%
since launch in
October 2022.
The Fund performance 昀椀gures are presented net of the Ongoing Charges Figure
(OCF) and run from launch.
Key portfolio activity
0 Sales
0 Buys
68 Manager
meetings
There were no new
sales in Q3 2024.
There were no new
buys in Q3 2024.
We attended 68
meetings during the
quarter to review
existing and prospective
managers.
Pg 2
