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Asset Allocator

Asset Allocator
Inflation
US Equities
Emerging Markets
Gold
Active Management
United States
China
Diversification
Interest Rates
UK Equities
Investment Strategies
Fixed Income
Artificial Intelligence
Equities
Asset Allocation
S&P 500
Government Bonds
Bonds
European Equities
Consumer Confidence

Every week the Asset Allocator Podcast discusses the big issues in UK fund selection, the major investment trends of the moment, and exclusive data on how wealth managers are positioning their portfolios. They'll be joined by guests from across the profession to unpick some of these trends.

Asset Allocator is a news and analysis service tailored to the needs of UK wealth managers, fund selectors a... more

PublishesWeeklyEpisodes173Founded5 years ago
Number of ListenersCategories
InvestingBusiness

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Latest Episodes

Gold is falling when investors expect it to rise. AI stocks are wobbling. So where should investors look next?

FT Adviser Editor-in-Chief Simoney Kyriakou is joined by Joe Little, Chief Strategist at HSBC Asset Management, to unpack the biggest inve... more

Recent activity suggests markets are reconsidering their approach to AI-themed companies, but what's going on exactly? To answer, David Combs, head of multi-asset at Rathbones Asset Management joins Aamina Zafar and David Thorpe on Asset Allocator.

more

With fresh opportunities emerging across equities, fixed income, and alternative assets, where should investors be focusing?

That's the question Asset Allocator's Aamina Zafar and David Thorpe put to Ed Cole, equity strategist at Man Group.

Ed disc... more

Why do professional investors increasingly avoid the phrase "passive investing"?

Dan Caps, portfolio manager at Evelyn Partners, argues that modern index investing is anything but passive. From factor exposures and asset allocation to tactical imple... more

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Recent Guests

Ed Cole
Head of multi-strategy equities at Man Group
Man Group
Episode: How to build more resilient portfolios
Dan Caps
Lead Portfolio Manager of Index MPS at Evelyn Partners
Evelyn Partners
Episode: Is Passive Investing still passive?
Jason Da Silva
Director at Arbuthnot Latham
Arbuthnot Latham
Episode: Currency hedging the key to protecting clients income
Henry Cobbe
Head of Research
Elston Consulting
Episode: Emerging and developed market government bonds have "swapped places"
Joe Little
Chief Strategist at HSBC Asset Management
HSBC Asset Management
Episode: Is 3% the new 2% when it comes to the UK’s inflation target?
David Aujila
Multi-Asset Portfolio Manager at Invesco
Invesco
Episode: Achieving diversification in an age of uncertainty
James Mee
_co-head of multi-asset and director at W1M_
W1M (Waverton/LC),
Episode: Why income portfolios remain relevant in 2026
Cranley Macfarlane
Head of Bespoke Private Clients and Deputy Chief Investment Officer
Church House Investment Management
Episode: Why active fund management still has a role to play in portfolios
Dan Kemp
Founder of Portfolio Thinking; former Morningstar executive and Alba Marl Street Partners co-founder
Portfolio Thinking
Episode: Diversification is not a free lunch for investors

Hosts

Simoney Kyriakou
Editor of FT Advisor; host with a focus on asset allocation and fund selection
Aamina Zafar
Funds reporter and host with expertise in fund selection and portfolio construction
David Thorpe
Contributing editor and frequent host/guest providing editorial and market context
Joseph Wilkins
Host of Asset Allocator podcast; chief reporter at Asset Allocator

Chart Rankings

How this podcast ranks in the Apple Podcasts, Spotify and YouTube charts.

Apple Podcasts
#197
Ireland/Business/Investing
Apple Podcasts
#221
Hong Kong/Business/Investing

Talking Points

Recent interactions between the hosts and their guests.

How to build more resilient portfolios
Q: So Ed, what does a defensive or lower volatility equity allocation look like these days?
Defensive equity involves removing directionality by combining expensive-wide equity bets with diversification across regions, sectors, and styles, and importantly incorporating liquid alts to reduce equity beta while preserving liquidity and potential returns.
How to build more resilient portfolios
Q: In terms of inflation outlook, how do you see that shaping portfolios over the next year or so?
Inflation is likely to stay stickier and higher for longer, which changes the dynamics between stocks and bonds. This implies a need to adjust for duration risk, consider regional and sector diversification, and lean more on liquid alternatives to provide diversification without sacrificing liquidity.
How to build more resilient portfolios
Q: So Ed, as you know, diversification is a buzzword on everyone's lips right now. How are you approaching that in terms of equity allocation?
We view diversification as essential, though the last 15 years have shown that perfect foresight is impossible and US equities have benefited from big concentration. The focus is on broadening exposure with attention to valuation, regional and size diversification, and considering alternatives to reduce dependence on any single market.
Emerging and developed market government bonds have "swapped places"
Q: So Henry, if investors want to seek income now, how should they think about their portfolio construction?
Income can come from both bonds and equities, but in a high-inflation environment, equity income may better preserve real returns because dividends can grow with prices and profits, making it a potentially safer income stream than cash, gilts, or traditional fixed income. Money markets and cash offer low inflation protection, while short-dated corporates could provide yield with managed risk. The key is redefining risk away from volatility to inflation impact and selecting assets that can sustain income under rising prices.
Two shocks, one boom, and an investment multiverse
Q: What are the two shocks behind the current investment outlook?
Geopolitical uncertainty driving commodity volatility and inflation, plus a new export wave from China in advanced manufacturing that could lower goods prices, with AI adding to demand and potential inflation pressures but also productivity gains.

Audience Metrics

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Frequently Asked Questions About Asset Allocator

What is Asset Allocator about and what kind of topics does it cover?

This program centers on professional investing and asset allocation for UK wealth managers, fund selectors, and discretionary fund managers. Across episodes, listeners hear nuanced debates on diversification, active versus passive management, inflation and macro shocks, geopolitical risk, and technology-driven market themes like AI. Guests are mostly senior investment professionals from leading asset managers and advisory firms, offering practical perspectives on portfolio construction, risk management, and client communication. A recurring strength is translating complex market dynamics into actionable strategies for multi-asset portfolios, with a clear emphasis on real-world application, governance, and governance-driven decision making. ... more

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Which podcasts are similar to Asset Allocator?

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1. Unhedged
2. Merryn Talks Money
3. Capital Allocators – Inside the Institutional Investment Industry
4. Behind the Balance Sheet
5. Investors' Chronicle

How many episodes of Asset Allocator are there?

Asset Allocator launched 5 years ago and published 173 episodes to date. You can find more information about this podcast including rankings, audience demographics and engagement in our podcast database.

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What guests have appeared on Asset Allocator?

Recent guests on Asset Allocator include:

1. Ed Cole
2. Dan Caps
3. Jason Da Silva
4. Henry Cobbe
5. Joe Little
6. David Aujila
7. James Mee
8. Cranley Macfarlane

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