SPECIAL REPORT SUMMER 2016

Multi-Asset Report

In this report, portfolio managers from across BNY Mellon Investment Management and its affiliates identify and explain the many facets of this rapidly evolving class of strategies and they outline the types of approaches and instruments used in multi-asset portfolios. 

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In an investment climate characterized by persistent slow global economic growth, low interest rates and volatile markets, investors continue to seek new sources of uncorrelated returns as well as opportunities for downside risk protection. Over the past decade, that interest has helped drive the growth and development of multi-asset investment strategies that venture beyond traditional asset classes.

While long-only developed market equity and bond holdings were long the mainstays of balanced investment portfolios, multi-asset strategies may now contain a variety of assets including gold, emerging market equity and debt, renewable energy and infrastructure investments.

In this report, portfolio managers from across BNY Mellon Investment Management and its affiliates identify and explain the many facets of this rapidly evolving class of strategies and they outline the types of approaches and instruments used in multi-asset portfolios. Among the topics they consider are the potential benefits of absolute return investments and the effectiveness of these strategies in the current market; the potential strengths of gold and other precious metals as “real assets” that can help diversify risk and return; and the assets which can be most effective in smoothing returns over the next 12 months.

At BNY Mellon, we’re committed to helping our clients find ways to manage risk while pursuing returns. Our multi-asset strategies’ breadth of assets and absence of benchmark constraints enable investors to gain exposure to equity and debt assets through alternative means as well as accessing investment options outside of those traditional categories, all in order to meet the challenges of today’s markets.

Explore the Multi-Asset Report

 

August 2016

Across the Spectrum

Multi-asset investment embraces a growing range of investment styles and assets as the popularity of the sector is encouraging the use of increasingly diverse allocation strategies. Here, managers from BNY Mellon Investment Management boutiques assess the development of the market and consider its future prospects.

 

MULTIPLE CONTRIBUTORS

MULTI-ASSET

MULTI-ASSET

August 2016

Back to Basics

Commodities can offer challenges but also a rich seam of diversification possibilities in multi-asset investing, says Aron Pataki, one of Newton’s portfolio managers.

MULTI-ASSET

August 2016

When Currency Counts

Investing in a currency fund as part of a multi-asset approach can offer some potentially wide-ranging benefits, argues Insight's* head of currency, Paul Lambert.

August 2016

Made to Measure: Q&A

Volatile markets present challenges to a wide range of global investors. In the current low-yield, low-interest- rate environment, intelligent tactical asset allocation is increasingly important as the hunt for return intensifies say managers from BNY Mellon Investment Management, Newton, Insight Investment and Mellon Capital.

 

MULTIPLE CONTRIBUTORS

MULTI-ASSET

August 2016

Trading Places

With an emphasis on diversification and the goal of achieving uncorrelated returns, are absolute return funds a competitor to multi-asset funds or a peer? Here, Insight absolute return manager Sonja Uys looks at the role of absolute return strategies, especially in a volatile and uncertain investment climate.

SONJA UYS

SONJA UYS
Absolute Return Manager, Insight Investment

MULTI-ASSET

MULTI-ASSET

August 2016

In Search of Value

While emerging markets have experienced some turbulent conditions over the last 18 months, they can still offer significant strengths to investors, says Siguler Guff.

MULTI-ASSET

August 2016

Building Bridges

Here, James Lydotes, managing director of the Boston Company Asset Management, explores the current trends driving change in the sector.

August 2016

Winds of Change

Ethical and environmental considerations look set to play an increasing role in multi-asset investing, according to Mellon Capital global strategist Jason Lejonvarn.

JASON LEJONVARN

JASON LEJONVARN
Global Strategist, Mellon Capital

MULTI-ASSET

* Investment advisory services in North America are provided through four different SEC-registered investment advisers using the brand Insight Investment: Cutwater Asset Management Corp, Cutwater Investor Services Corp, Pareto New York LLC and Pareto Investment Management Limited. 

IMPORTANT INFORMATION

Past performance is not a guide to future performance. The value of investments can both fall and rise. Investors may not get back the amount invested. Income from investments may vary. BNY Mellon is the corporate brand of The Bank of New York Mellon Corporation and may also be used as a generic term to reference the Corporation as a whole or its various subsidiaries generally.

BNY Mellon Investment Management; Securities are offered through MBSC Securities Corporation, distributor, member FINRA and a broker-dealer within BNY Mellon Investment Management, 225 Liberty St., 19th Fl., New York, NY 10286. Any investment products and/or services mentioned here are not insured by the FDIC (or any other state or federal agency), are not deposits of or guaranteed by any bank, and may lose value. This information should not be published in hard copy, electronic form, via the web or in any other medium accessible to the public, unless authorized by BNY Mellon.

The Dreyfus Corporation is the primary mutual fund business of BNY Mellon. Investment advisory services in North America are provided through four different SEC-registered investment advisers using the brand Insight Investment: Cutwater Asset Management Corp, Cutwater Investor Services Corp, Pareto New York LLC and Pareto Investment Management Limited.

The Insight Investment Group includes Insight Investment Management (Global) Limited, Pareto Investment Management Limited, Insight Investment Funds Management Limited, Cutwater Asset Management Corp and Cutwater Investor Services Corp.

BNY Mellon owns 90% of The Boston Company Asset Management, LLC and the remainder is owned by employees of the firm.

The Newton Group (“Newton”) is comprised of the following affiliated companies: Newton Investment Management Limited, Newton Capital Management Limited (NCM Ltd) and Newton Capital Management LLC (NCM LLC). NCM LLC personnel are supervised persons of NCM Ltd and NCM LLC does not provide investment advice, all of which is conducted by NCM Ltd. Only NCM LLC and NCM Ltd offer services in the U.S.

BNY Mellon owns a 20% interest in Siguler Guff & Company, LP and certain related entities (including Siguler Guff Advisers LLC). Mellon Capital Management Corporation (Mellon Capital), and CenterSquare Investment Management  are subsidiaries of BNY Mellon.

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The information has been provided without taking into account the investment objective, financial situation or needs of any particular person.

BNY Mellon and its affiliates are not responsible for any subsequent investment advice given based on the information supplied. This is not investment research or a research recommendation for regulatory purposes as it does not constitute substantive research or analysis. To the extent that these materials contain statements about future performance, such statements are forward looking and are subject to a number of risks and uncertainties. Information and opinions presented have been obtained or derived from sources which BNY Mellon believed to be reliable, but BNY Mellon makes no representation as to its accuracy and completeness.

BNY Mellon accepts no liability for loss arising from use of this material. If nothing is indicated to the contrary, all figures are unaudited. Any indication of past performance is not a guide to future performance. The value of investments can fall as well as rise, so investors may get back less than originally invested. Not for distribution to, or use by, any person or entity in any jurisdiction or country in which such distribution or use would be contrary to local law or regulation.

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The investment products and services mentioned here are not insured by the FDIC (or any other state or federal agency), are not deposits of or guaranteed by any bank, and may lose value. This information should not be published in hard copy, electronic form, via the web or in any other medium accessible to the public, unless authorized by BNY Mellon Investment Management.

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