Mixed-use fund by Schroders functions akin to a versatile Swiss Army tool.
Schroders' Global Multi-Asset Balanced fund, a diversified investment strategy, is designed to navigate uncertain market conditions. The fund, managed by Ingmar Przewlocka, adopts a flexible approach, targeting a mix of equities, fixed income, commodities, and alternative investments for both income and capital growth.
The strategy emphasises diversification and risk management, considering not only traditional 60/40 equity/bond splits but also currencies, inflation resilience, and global political risks in asset allocation decisions. This multi-asset approach allows for tactical shifts in response to changing market conditions, such as adjustments to equity and bond exposures based on the economic outlook or yield curve movements.
Recent increases in yields, particularly for longer maturities, have resulted in steeper yield curves. Schroders' multi-asset teams are closely monitoring these shifts, with a cautious view on US Treasuries. The team prefers German bunds, reflecting a view that inflation concerns are more muted outside the US, and that yields in Europe offer relative value.
Despite lingering economic uncertainty, Schroders remains constructive on equities, with a particular focus on financials in the US and Europe. The team also favours gold as a portfolio diversifier, especially as a hedge against US dollar weakness and global market volatility.
Schroders Global Multi-Asset Balanced is not tied to fixed benchmarks or any market index. The equity quota in the fund can fluctuate between 0 and 50 percent, and the investments include banks, commodities, value stocks in general, and cyclicals, with a focus on Europe and Japan, not the USA.
While specific commentary by Przewlocka is not detailed in current public sources, the strategy described is consistent with Schroders’ broader multi-asset management doctrine as articulated by their senior team members. Each position in the fund is subject to a stop-loss limit, a testament to Przewlocka's emphasis on risk management.
Since taking sole control of Schroders Global Multi-Asset Balanced in the fall of 2020, Przewlocka has stamped his mark on the fund. The fund has been running strongly since the fall, in part due to bold investments in heavily battered equity segments.
For more information about Ingmar Przewlocka's profile, click here. It is important to note that, as an actively managed fund, Schroders Global Multi-Asset Balanced has the potential for both success and mistakes. Investors are advised to consider this potential when buying the fund.
[1] Schroders. (n.d.). Schroders Global Multi-Asset Balanced. Retrieved from [2] Schroders. (2021). Schroder ISF Global Multi-Asset Income. Retrieved from [3] Schroders. (2021). Global Multi-Asset Outlook 2022. Retrieved from
- In response to changing market conditions, Schroders' multi-asset teams, led by Ingmar Przewlocka, tactically shift their investments, considering not only traditional equities and bonds but also currencies, alternative investments, and other financial opportunities for both income and capital growth.
- Schroders Global Multi-Asset Balanced fund, under the management of Przewlocka, does not adhere to fixed benchmarks or indices, and its equity allocation can vary, including investments in banks, commodities, value stocks, and cyclicals, focusing particularly on European and Japanese markets.
