258. How to deliver consistent income in difficult markets

<p>Despite challenging market conditions, the newly Elite Rated <a href='https://www.fundcalibre.com/elite-funds/bny-mellon-multi-asset-income'>BNY Mellon Multi-Asset Income</a> 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.</p><p><b>What’s covered in this episode: </b></p><ul><li>How the fund has managed to deliver consistent income in difficult markets</li><li>How macro and micro themes help construct the portfolio</li><li>Why a thematic lens helps diversify the portfolio</li><li>A look into the fund’s “natural capital” theme and sub themes clean energy and decarbonisation</li><li>How upgrades can help limit carbon emissions</li><li>The deflationary effects of globalisation</li><li>The effects of de-globalisation </li><li>An overview of the Newton team </li><li>Why bonds are more attractive today</li><li>The “rebirth” of the 60/40 investment portfolio</li><li>Why the team is focusing on inflation-linked alternatives</li><li>How renewable energy assets can be “bond like” investments</li><li>Will we see deflation at the end of 2023?</li><li>The importance of building a portfolio that can withstand any market condition</li><li>Believing in the power of compounding when investing for the long term  </li></ul><p><b>More about the fund: </b></p><p>The <a href='https://www.fundcalibre.com/elite-funds/bny-mellon-multi-asset-income'>BNY Mellon Multi-Asset Income</a> fund