Issue link: https://info.seic.com/i/1534862
Inside Your Moderate Fund. Positioning & Outlook Asset Class Positioning Outlook Equity Focused on defensive stocks less sensitive to economic factors and market movements. With ongoing uncertainty, we emphasise diversity within equity, spanning sectors and geographies. Fixed Income Diversified across various fixed-income funds to mitigate interest rate risk. We anticipate interest rates will remain higher than expected for longer, supporting a defensive strategy. Alternatives A variety of assets designed to provide downside protection in adverse markets. We still expect inflation to remain sticky supporting our exposure to inflation hedge assets. Building Block Insight SGMF Global Managed Volatility Fund (GBP Inst) This fund has delivered 11.18% over one year, with 6.42% alpha (relative to MSCI World as Benchmark) Drivers ● The funds defensive sector positioning proved to be favorable as riskier sectors (information technology, consumer discretionary) slipped and less risky sectors (consumer staples, health care, and utilities) outperformed. An underweight to the so-called Magnificent 7 group of mega-cap tech-related names also contributed. Positioning ● Positioning did not change much over the period ● The fund remains defensively positioned and broadly diversified, with an underweight to the largest stocks in the benchmark. Source: SEI IMU. All data as at 31st March 2025. Data includes equity funds managed by SEI Investment Management Company and SEI Investments Global Ltd. 6