Investment Objective

Seeks total return consisting of capital appreciation plus income.

An Outcome-Aligned Investment Approach for the Long-Term

Asset allocation in traditional multi-asset portfolios produces concentrated, risky portfolios with long periods of large loss that are a problem for most investors and a particular problem for loss-averse and interest rate sensitive investors.

The Markin Multi-Asset Vol 14* strategy invests by aligning portfolio exposures with changing market conditions and investors’ long-term return and yield objectives. The strategy aims to maintain a long-term annualized volatility of 14*. The strategy utilizes neither leverage nor shorting.

* An annualized volatility of 14 is approximately equal to that of a traditional 80/20 (equity/bond) portfolio.

Investment Approach

The strategy aims to deliver diversified positions across asset classes and individual securities on the basis of top-down macroeconomic, bottom-up fundamental, and quantitative/technical views.

The strategy builds on the empirical observation that expected returns and risks evolve over market cycles and investors can generate more diversified returns over the long-term with less risk of loss by evolving portfolio asset class and individual security exposures accordingly.

The strategy invests primarily in stocks and fixed income with some exposure to select precious metals such as gold for risk management purposes.

The strategy is actively managed and exposures to asset classes and individual securities will vary based on the evaluation of investment opportunities and to maintain diversification and reduce exposure to large downside risks. These shifts in exposures are determined using fundamental analysis and quantitative models. Information that is evaluated to arrive at the strategy’s views includes, but is not limited to: earnings, cash flows, trend indicators, and growth forecasts.

Reasons to Invest