Quilter’s WealthSelect managed portfolio service (MPS) has been positioned for a recessionary environment, according to the firm.
As part of this stance, the MPS reduced equity exposure and topped-up allocation to fixed income during its latest quarterly rebalance.
Its portfolio manager Stuart Clark also reduced allocation to gilts in favour of actively managed global sovereign bond exposure, Quilter said.
The move reflected Mr Clark’s view that gilts face greater headwi...
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