IW&I’s investment managers employ a group-wide investment process, one that ensures a structured and disciplined approach, which we do like.
Their independent research department and experienced investment managers are organised into specialist teams to focus on three core areas: asset allocation, stock and sector allocation, and collective funds.
The Asset Allocation Committee meets monthly to formulate the recommended split between assets to be held in client portfolios, and discuss which areas to invest in geographically.
They consider trends in global economies, interest rates and currencies, and appraise forecasts for corporate profits and dividends.
Stock and sector allocation
The Stock Sector Committee meets regularly to review changes in core list UK equities, to initiate changes in sector views, and to confirm - or question - changes in sector or stock recommendations.
The purpose behind this is to maintain an analytically driven process, without losing the ability of analysts or strategists to make timely, tactical calls.
Whilst to a degree this makes sense, it does add a layer of risk, because timing and tactics can be got wrong, which can potentially impact returns significantly.
The Collectives Committee meets regularly to review changes in the core collectives list, and respond to developments in fund performance, valuation or manager turnover.