OMPS Tactical Trade Update - September 2026
On 6 September 2026, we initiated instructions to conduct four trades and a full rebalance of the OMPS portfolios.
Summary
- We reduced exposure to the Omnis Asia Pacific ex Japan Equity Fund following a period of exceptionally strong performance, and to reflect risks of excessive market concentration from a group of South Korean and Taiwanese AI/tech stocks.
- We also reduced exposure to the Omnis UK Gilt Fund, with the view that UK Gilts face a challenging backdrop of a new Prime Minister, an unresolved fiscal position, persistent energy cost pressures and ongoing political uncertainty, which is likely to limit the upside for longer-dated UK government bonds.
- With the proceeds, we reallocated funds to the Omnis Emerging Market Leaders Fund, which possesses less concentrated exposure to the AI/tech space, while offering exposure to several other regions, which we believe are well placed to outperform, including India and China.
- We also increased exposure to the Omnis US Equity Leaders Fund, given the US now possesses a more attractive macroeconomic backdrop of resilient growth, rising inflation and a strengthening dollar, which is supportive of larger US companies, given their pricing power and international revenue diversification.
- We also rebalanced the portfolios to ensure they are in line with their intended risk profiles.
