Omnis Agility: Trading Update
Read the full update here
Summary
- We switched a number of ETFs in the portfolio to benefit from cost efficiency and decreased investment cash drag.
- Switched European Equity, Emerging Markets Equity and Global Bonds ETF exposure into more cost effective versions.
ETF Switches
- Xtrackers S&P Europe ex UK ETF was switched into Vanguard FTSE Developed Europe ex UK ETF
- iShares Core MSCI EM IMI Accumulation ETF was switched into iShares Core MSCI EM IMI Income ETF
- Vanguard Global Aggregate Bond ETF was switched into iShare Core Global Aggregate Bond ETF.
Why did we switch ETFs?
- The first important point to note, is that all of the new ETF versions in the portfolio continue to track the same market/benchmark as its previous version. There is no change to the ETF objectives and they reflect the same tactical asset allocation (TAA) positioning in the portfolio. Read here for our latest TAA views.
- The ETFs in Omnis Agility are subject to a rigorous due diligence process carried out by our investment team to ensure they are appropriate for our portfolios. The new ETFs now included in the portfolios were also assessed through this process.
- The new ETFs in the portfolio benefit clients through cost efficiency, and a decrease of cash drag when investing, allowing your money to work harder for you.
