This portfolio is designed to meet long-term objectives with a cautious risk profile. It combines active and passive strategies and invests across a diversified range of global asset classes, including equities, fixed income, absolute return strategies, private equity, real estate, commodities, and infrastructure. All underlying assets are fully liquid.

The portfolio is guided by disciplined strategic asset allocation, with a steady weighting to alternative and real assets. Its cautious profile is managed through a quantitative process that adjusts asset allocation in line with the strategy’s aims.