Gunning for growth: Four ways multi-managers can play risk assets

Justin Onuekwusi, head of retail multi-asset funds at LGIM We are overweight equities. There are a few key things that drive the performance of equities: economic growth, which is clearly positive given we are in a recovery phase; monetary policy, where we have seen a significant level of fiscal policy; and valuations, where arguably some areas of the market look a little expensive. However, when you look at equities relative to other assets, in particular bonds, the gap really is quite significant. The final area that we think really drives equities and growth assets is whether there ...