Marlborough’s latest portfolio rebalance has brought with it a number of changes which Asset Allocator has duly noted.
Into the final quarter of 2024 the team has decided that UK equities is the place to be over the coming months, having established a tactical overweight to our domestic companies.
Their reasons for doing so are as follows: valuations remain attractive, growth data has improved, inflation is close to target and interest rate cuts have begun.
In doing so they have increased their weighting to Evenlode Income and added the fund to some portfolios where it was not held previously.
Not all domestic funds are created equal, however, with Marlborough reducing their position in smaller companies, specifically Fidelity UK Smaller Companies as they see ‘increased risks from a slowing economy’.
Another asset class they are particularly fond of at the moment is infrastructure, given the potential for interest…
