Tilney Bestinvest adds Physical Gold exposure in Multi-Asset Portfolio fund range29 October 2015
For immediate release
29 October 2015
Tilney Bestinvest adds Physical Gold exposure in Multi-Asset Portfolio fund range
Investment management group Tilney Bestinvest has added an exposure to physical gold across its flagship Multi-Asset Portfolio (MAP) fund range which holds over £1 billion of assets for both clients of intermediaries and direct investors*.
Gareth Lewis, Chief Investment Officer and manager of the funds, commented:
“We have been keen observers of the growing market distortions created by global monetary policy. With Central banks losing control of the macroeconomic environment we believe policies such as QE will become discredited.
“As a result, we have reduced equity exposure within our MAP range of funds and in its place introduced a position in gold for the first time. Gold has a low correlation with other risk assets and serves as a form of insurance should all the world’s Central banks spark a round of competitive currency devaluation by loosening monetary policy further. In a world with low, and even negative, real interest rates the opportunity cost of us providing this protection is low.
“Our favoured route to access this commodity is via a physical gold ETC (Exchange Traded Commodity), and we have chosen to use the ETFS Physical Gold GBP ETC (PHGP) from ETF Securities, which is a low-cost and liquid investment option.”
Lewis concluded: “We have become increasingly cautious on the prospects for risk assets as global growth has slowed despite the weight of stimulus. The risk of policy error is growing as authorities across the developed economies struggle to stimulate demand. We have been tactically underweight both equities and high yield since the summer. The move to include gold completes our phased move to de-risk our portfolios.”
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*Multi Asset Portfolios (MAP) funds
There are seven MAP funds, each tailored to suit different investment needs and risk tolerances. The funds are managed by Gareth Lewis, CIO, who chairs the asset allocation committee, with fund ideas contributed by Tilney Bestinvest’s research team. The funds include:
i. Maximum Growth – maximise growth by investing in global stock markets
ii. Aggressive Growth – achieve growth by investing into an adventurous portfolio
iii. Growth – growth by investing through a diverse portfolio
iv. Income and Growth – balancing between modestly growing funds whilst providing a regular source of income
v. Income – producing a quarterly income
vi. Conservative – preserving the value of investment
vii. Defensive – modest growth of funds with low risk
The value of investments, and the income derived from them, can go down as well as up and you can get back less than you originally invested. This press release does not constitute personal advice. If you are in doubt as to the suitability of an investment please contact one of our advisers. Past performance is not a guide to future performance.
Different funds may carry varying levels of risk depending on the geographical region and industry sector(s) in which they invest. You should make yourself aware of these specific risks prior to investing.
The Tilney Bestinvest Multi-asset Portfolios are administered by Investment Fund Services Limited (IFSL), a subsidiary of Marlborough, one of Europe’s leading financial groups. Funds within each Portfolio are chosen and managed by our research team but it is up to you to choose the Portfolio that is right for you. If you are in doubt as to the suitability of an investment please contact one of our advisers.
About Tilney Bestinvest
Tilney Bestinvest is a leading investment and financial planning firm that builds on a heritage of more than 150 years. We look after more than £9 billion of assets on our clients’ behalf and pride ourselves on offering the very highest levels of professional client service with transparent, competitive pricing across our entire range of solutions.
We offer a range of services for clients whether they would like to have their investments managed by us, require the support of a highly qualified adviser, prefer to make their own investment decisions or want to take more than one approach. We also have a nationwide team of expert financial planners to help clients with all aspects of financial planning, including retirement planning.
We have won numerous awards including UK Wealth Manager of the Year, Low-cost SIPP Provider of the Year and Self-select ISA Provider of the Year 2013, as voted by readers of the Financial Times and Investors Chronicle. We are pleased that our greatest source of new business is personal referrals from existing clients.
Headquartered in Mayfair, London, Tilney Bestinvest employs almost 400 staff across our network of offices, giving us full UK coverage, and we combine our award-winning research and expertise to provide a personalised service to clients whatever their investment needs.
The Tilney Bestinvest Group of Companies comprises the firms Bestinvest (Brokers) Ltd (Reg. No. 2830297), Tilney Investment Management (Reg. No. 02010520), Bestinvest (Consultants) Ltd (Reg. No. 1550116) and HW Financial Services Ltd (Reg. No. 02030706) all of which are authorised and regulated by the Financial Conduct Authority. Registered office: 6 Chesterfield Gardens, Mayfair, W1J 5BQ.
For further information, please visit: www.tilneybestinvest.co.uk
Tilney is a leading investment and financial planning group that builds on a heritage of more than 180 years. Our clients are private investors, charities and professional intermediaries who trust us with over £23 billion of their assets. We offer a range of services including financial planning, investment management and advice and, through our Bestinvest service, a leading online platform for those who prefer to manage their own investments.
We have won numerous awards. Tilney has been awarded Best Conventional Advisory Service at the 2018 City of London Wealth Management Awards, Best Advisory Service in the 2015 City of London Wealth Management Awards; Investment Award – Cautious category in the Private Asset Management Awards; and Stockbroker of the Year, Execution-only Stockbroker of the Year and Self-select ISA Provider of the Year 2015, as voted by readers of the Financial Times and Investors Chronicle. Bestinvest was voted Best SIPP Provider and Best Fund Platform at the 2017 City of London Wealth Management Awards, Best Direct SIPP Provider at the YourMoney.com Awards 2017, Best Stocks & Shares ISA Provider at the 2017 Shares Awards, as well as Best Self Select ISA Provider, Best Online/Execution-only Stockbroker and Best Investment Platform 2017 at the FT and Investors Chronicle Investment and Wealth Management Awards, as voted by readers of the FT and Investors Chronicle.
Headquartered in Mayfair, London, the Tilney Group employs over 1,000 staff across our network of 30 offices, enabling us to support clients with a local service throughout the UK.