Disclaimer
This is not substantive investment research or a research recommendation, as it does not constitute substantive research or analysis. This material should be considered as general market commentary.
The volatility and uncertainty we have seen in markets over the past several years has probably left many investors dazed and confused. The barrage of idiosyncratic events that have shaped the performance of multiple asset classes has made it difficult to predict what will happen next. In this note, we examine the performance of the multi-manager options over this period, analysing both how they have performed and how the managers have reacted to the volatility and uncertainty in their positioning.
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