With exceptional levels of geo-political risk, unusual monetary policy and the pandemic, asset allocation has been very difficult in recent years.
An obvious escape route has been to invest in global equity funds, an option that effectively outsources the asset allocation within equity portfolios to the fund manager.
This has led to a situation where funds in the global equity space have become some of the largest in the entire market.
But in a rapidly changing world, is a generalist approach to equities still the best approach for clients?
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