Asset Allocation and Currency 

Against the US dollar the major risers were the euro (+1.8%), benefitting from European Central Bank proactivity, and the hard commodity currencies of Norway (+4.9%) and Sweden (+2.7%) finding favour ...   Read more »

Asset allocation has been tactically adjusted away from Strategic Asset Allocation benchmarks for the balanced fund portfolio as per the graphs below.   Read more »

The tactical asset allocation change made in December entailed removing 2.0% of exposure from international equities (now 28.6% of asset allocation) and adding the same percentage exposure to New Zeal...   Read more »