This month, Head of Asset Consulting, Gareth Abley, reminds us that it’s often the little things in life that make the difference, and that this very same principle also applies to investing. Gareth explores how a small consideration such as the trade off between the psychological benefits of smoothed returns caused by lagged valuations in unlisted assets and the hidden financial costs that occur when a fund becomes forcibly over-allocated to overvalued unlisted assets can make all the difference in meeting your investment objectives.
My Consultant November 2009 - the impact of smoothed unlisted returns (PDF, 283KB)