The Coram Global Defensive fund has 55% in managed cash, 26% in fixed income, 3% in UK equities, 5.7% in global equities, 7% in alternative and 2% in resources.
The firm’s Balanced fund has a similar high cash position of 53.8% but has only 18.7% in fixed income, 6.8% in UK equities, 13.9% in global equities, with the remaining 7% split between alternatives, resources and property.
The Global Opportunities fund has a lower cash position of 28.8%, 19.6% in fixed income, 16% in UK equities, 30.4% in global; equities, 2.9% in alternatives and 1.9% in resources.
The pair say in the accompanying commentary that with markets breaching new highs, it probably comes as little surprise that they are ‘not too excited about global asset valuations’ whether it be equity or bond.
