This is a follow-up to the report that we published in early 2020, looking at how the Royal London Multi Asset Credit Fund (MAC) is designed to perform through different phases of the credit cycle.
In this update, we consider the fund's performance through the unprecedented turbulence of 2020, in which we experienced all the phases of the credit cycle in a matter of weeks as the Covid-19 pandemic hit developed economies, markets across all asset classes, and governments and central banks stepped in to provide some certainty and avert disaster. We finish by considering some of the challenges that may lie ahead and why we believe the fund should perform well through future uncertainty.
Past performance is not a reliable indicator of future results. The value of investments and the income from them is not guaranteed and may go down as well as up and investors may not get back the amount originally invested. The views expressed are the author's own and do not constitute investment advice.
About us: Royal London Asset Management (RLAM) is one of the UK's leading fund management companies, managing assets on behalf of a wide range of clients. Our experienced team of investment specialists manages around £147.2 billion of assets (as at 31.03.2021), investing across all major asset classes. Our funds are aimed at meeting a broad range of investor needs.
Contact details:
[email protected] and 020 7506 6500
