• Our multi-asset portfolios focus on what affects investor outcomes the most: asset allocation. Each asset class has its own risk and return characteristics.
• Our investment process blends a range of inputs to help us assess likely asset class return expectations over the short and longer-term.
• In an unpredictable and constantly changing world we also apply a unique scenarios analysis (the Investment Futures Framework) that continually identifies the very wide range of potential market scenarios – good and bad – that could occur to further inform our forward-looking approach.
• The insights from our investment process are used to work out the combination of asset classes that they believe will best achieve investment objectives. 

We invest in many asset classes to help us smooth out overall portfolio returns, offsetting the ups and downs of each asset class.

Our portfolios have different investment objectives. That's why our investment experts select a different mix of assets and investment managers for each.

Our investment managers may be specialist in-house managers, external managers or a combination of both.

We research hundreds of investment managers from around the world and select from the best for our portfolios.

We then combine them in our portfolios so they complement each other.

This multi-manager approach helps to reduce risk and deliver more consistent returns.

View the current managers of a portfolio and their allocations using the Fund Profile Tool.

To make sure our portfolios are working hard for our investors, we continually review and actively manage them.

We may adjust the asset allocation, investment strategies and managers. This may be because our assessment of the future market environment has altered or because we have found new ways to balance risk and return in the portfolios.

We deliver better returns by avoiding unnecessary costs. We do this by carefully managing cash flows, tax and changes in our portfolios.