258. How to deliver consistent income in difficult markets

Despite challenging market conditions, the newly Elite Rated BNY Mellon Multi-Asset Income fund has managed to provide a consistent income by employing a diversified investment approach across various asset classes. Manager Paul Flood, joins us to discuss a wide range of topics including how the fund incorporates both macro and micro themes such as big government, decarbonisation and globalisation. Paul also explains the attractiveness of the bond market and the “rebirth” of the 60/40 portfolio (which traditionally consists of 60% equities and 40% bonds). Given concerns about potential inflationary pressures, Paul also explains the shift toward inflation-linked alternatives and renewable energy assets. We finish with important lessons in diversification and the true power of compounding.What’s covered in this episode: How the fund has managed to deliver consistent income in difficult marketsHow macro and micro themes help construct the portfolioWhy a thematic lens helps diversify the portfolioA look into the fund’s “natural capital” theme and sub themes clean energy and decarbonisationHow upgrades can help limit carbon emissionsThe deflationary effects of globalisationThe effects of de-globalisation An overview of the Newton team Why bonds are more attractive todayThe “rebirth” of the 60/40 investment portfolioWhy the team is focusing on inflation-linked alternativesHow renewable energy assets can be “bond like” investmentsWill we see deflation at the end of 2023?The importance of building a portfolio that can withstand any market conditionBelieving in the power of compounding when investing for the long term  More about the fund: The BNY Mellon Multi-Asset Income fund aims to generate a consistent income and potential capital growth over a long-term period of five years or more. It achieves this objective by investing in a diversified portfolio of equities, bonds, and alternative assets. As part of a broader multi-asset range, the fund leverages the expertise of Newton's 130 investment professionals, enabling it to invest globally across various geographic and economic sectors.Learn more on fundcalibre.comPlease remember, we’ve been discussing individual companies to bring investing to life for you. It’s not a recommendation to buy or sell. The fund may or may not still hold these companies at the time of listening. Elite Ratings are based on FundCalibre’s research methodology and are the opinion of FundCalibre’s research team only.Learn more on fundcalibre.comPlease remember, we’ve been discussing individual companies to bring investing to life for you. It’s not a recommendation to buy or sell. The fund may or may not still hold these companies at the time of listening. Elite Ratings are based on FundCalibre’s research methodology and are the opinion of FundCalibre’s research team only.