7th July 2026

Resilience by design: multi-asset portfolios for volatile markets

Volatile markets tend to expose whether a portfolio has really been built to cope with uncertainty.

In recent quarters, investors have had to navigate a mix of geopolitical risk, inflation uncertainty and shifting interest rate expectations. In that kind of environment, portfolios built with resilience in mind tend to show their value. Multi asset strategies aim to balance growth, defensive exposures and diversification, recognising that no single asset class or style performs consistently across all market regimes.

Blending growth with defensive strength

Growth assets remain essential for long term returns, but outcomes tend to be more stable when growth assets sit alongside defensive and diversifying exposures. During the first quarter, for example, global infrastructure played an important part in the stability of our multi-asset portfolios. Its inflation linked revenues, essential service characteristics and relatively stable cashflows helped offset broader market volatility.  

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Investment Commentary, Investments