349. Where to find opportunities as markets broaden in 2025

In this episode, we explore how recent AI-fuelled tech dominance may be giving way to a broader market rally. Simon Nichols, manager of the BNY Mellon Multi-Asset Balanced fund, explains how they’re diversifying into industrials, healthcare, and consumer sectors, and how geopolitical factors, including the recent US election, have influenced positioning. We also discuss the evolving bond market, where higher yields are creating new opportunities.What’s covered in this episode: Where does the global equity market stand today?How do global valuations look today? Is the manager diversifying away from technology? Taking advantage of opportunities in China and healthcareThe fund’s exposure to UK companiesDoes a Trump presidency change the fund’s positioning?An element of broadening out of technologyThe fund’s bond exposureThe potential impact of Trump and Doge on bond marketsIs the manager focusing on “growth”?How inflation is factored into the portfolioBalanced as balanced could be?More about the fund: Manager Simon Nichols has created a rock-solid global multi-asset vehicle which uses themes to target the forces driving global change in markets. He does this by investing in what he calls “future-facing business models” which have the ability to tap into megatrends in their respective industries. The fund predominantly invests in global equities, but also has an allocation to bonds.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.