Fund Selector: Taking stock of support

We do not use property across any of the portfolios and are strategically sceptical about whether this is appropriate due to the mismatch between the asset class and our portfolio requirements. Asset allocation preferences are targeted to developed market equities and absolute return. We are prioritising highly active approaches in fixed income, absolute return and selective equity markets. Most importantly, we ensure all exposure provides sufficient alpha to compensate for both risk and cost.

Toby Vaughan is a multi-manager at Santander Asset Management