March 11, 2024
Will Bartleet, Chief Investment Officer, recently spoke to FT Adviser’s contributing editor David Thorpe and Joseph Wilkins, on their podcast series Asset Allocator.
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May 31, 2024

The latest investment outlook from CIO and Portfolio Manager of the Pacific Multi-Asset Team, Will Bartleet.

May 21, 2024

April proved to be the first month in a while that we saw some meaningful rotation in the geographic performance of the fund. Our weakest markets were Taiwan, Mexico and Brazil, largely triggered by resurgent concerns over the path of US interest rates. Our top performers were in China/Hong Kong, Chile and Greece.

May 21, 2024

April saw equity and bond markets move together again, with both asset classes falling over the month.

May 16, 2024

During April the fund underperformed the MSCI Emerging Markets index by 1.8%. The largest relative detractor was China, in particular due to some weak market closes on US listed ADRs at the end of the month.

May 10, 2024

April started with a negative impulse provided by stern warnings from Powell and his Fed colleague Waller that rate cuts were looking much less likely.

May 8, 2024

The MSCI World equities index was down 2.8% in April (in GBP), reversing March gains, driven by declines in Information Technology, Real Estate and Healthcare.

April 30, 2024

The MSCI World equities index was up 3% in March (in GBP) led by Energy, Materials and Utilities and broad performance across major regions. March reporting by a number of consumer discretionary names introduced some doubt about the resilience of the US consumer confirming our earlier assessment that demand is likely to remain bifurcated.

April 26, 2024

The fund gained 3.1% in March bringing the Q1 return to 8.85% and the one-year return to 28.1%.

April 25, 2024

March started with weaker data, ISM manufacturing and services both coming in lower than expectations especially the prices paid component, drawing the UST 10Yr bond yield down to a monthly low of 4.04%.

April 25, 2024

The Pacific Coolabah Global Active Credit Fund performed in line with its benchmark for March. As of 31 March, the Fund’s weighted average yield to expected maturity is 5.78%, which compares favorably with the benchmark yield of 4.88%.

April 17, 2024

Following the surge in equity and bond markets in the final two months of 2023, a slew of stronger data, as well as pushback from central bank speakers on the likely timing of rate hikes by central banks, led to more mixed performance from markets in January.

April 11, 2024

A positive relative performance of 0.4% in March has led us to finish the first quarter of 2024 with an outperformance of 2.3% against the MSCI Emerging Markets index.