OMPS - Tactical Trade Update April 2026

On 07 April 2026, we initiated instructions to conduct three trades and a full rebalance of the OMPS portfolios.

Here is a summary of the changes

Summary

We reduced exposure to the European Equity Leaders Fund and the UK Smaller Companies Fund in order to neutralise overweight positioning in both regions. We remain cautious on the outlook for the two regions as a result of the potential impact to the consumer and growth from rising energy prices. With equity valuations globally appearing stretched, we believe there is downside risk to equities over the short-to-medium-term.
Given our concerns over elevated equity valuations and the potential impact to growth from rising energy prices, we have reallocated funds into the Omnis Short-Dated Bond Fund. This is a defensive portfolio tilt, with this portfolio a lower risk investment than investing in UK Gilts or global bonds, given it is less sensitive to bond yield movements.
We also rebalanced the portfolios to ensure the portfolios are in line with our latest investment thinking.