OMPS: Trading Update
This week we made some changes to the portfolio to reflect a change in our tactical asset allocation positioning. In this document, we detail the thinking behind these trades.
Summary
- Risks of a global recession have increased as data from the US has continued to deteriorate. Inflation
continues to follow a downward patch but remains elevated. - To reflect this macroeconomic outlook, we have reduced our exposure to Sterling Corporate Bonds and increased our exposure to Global Bonds.
