1. A robust asset allocation process
We have a robust and disciplined approach to the active management of the portfolios. We review the long-term positioning of the portfolios (Strategic Asset Allocation) annually, and work with our appointed partner J.P.Morgan Asset Management (JPMAM), which is one of the world’s largest and most experienced experts in strategic asset allocation. We then continuously review our medium-term investment outlook and position the portfolios accordingly, using our proprietary tactical asset allocation process. We combine a rigorous data and evidence-driven approach with expert, experienced human judgement.