BNY Investments Newton FutureLegacy portfolio manager, Paul Byrne discusses how multi-dimensional research and an active, dynamic approach to portfolio management helps deliver diversification and manage volatility within target managed bands.
Key points:
- Market environment has shifted from cheap money and globalisation to persistent inflation, geopolitical tensions, and rapid technological disruption, intensifying investment uncertainty.
- MSCI ACWI diversification is undermined by concentration, increasing passive investing risk.
- A multi-dimensional framework can help the FutureLegacy management team to robustly assess risk-reward across asset classes.
- Active, dynamic portfolio positioning can enable adjustment of risk-factor exposures based on forward-looking views rather than index concentration or historic assumptions.
- Structured, repeatable research and volatility-management processes aim to deliver diversification and mitigate event-driven volatility amid rising correlations.
2738559 Exp: 23 January 2026
