Are You Struggling to Sort Out Your Existing Pension Plans Because..
You are too busy and don’t understand them.
The existing arrangement is with a company who are difficult to call or get information from which is easy to understand and the statements they send out are confusing.
Many of our clients think that because they have an existing pension or saving arrangement with a ‘big company’ it is being managed and looked after.
The Harmony Portfolios are a long established range of globally diversified, multi-asset
funds designed specifically to provide a cornerstone investment. The Harmony range
consists of eight portfolios, each risk profiled and with a specific geographical and
currency focus, housed in a Luxembourg UCITS structure with daily pricing and daily
liquidity.
The full range includes:
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Momentum Harmony Asian Balanced
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Momentum Harmony Asian Growth
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Momentum Harmony Australian Dollar Growth
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Momentum Harmony Europe Diversified
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Momentum Harmony Sterling Balanced
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Momentum Harmony Sterling Growth
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Momentum Harmony US Dollar Balanced
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Momentum Harmony US Dollar Growth
Harmony Investment Philosophy
The Harmony Portfolios investment philosophy is built on three core capabilities:
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Asset allocation
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Investment selection
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Portfolio construction
The asset allocation process is disciplined, robust and valuation driven, and builds portfolios with true diversification across a wide range of non-correlated assets. ‘Best of breed’ fund solutions are then used to construct each portfolio. We recognise that no investment house has a monopoly of skill in all disciplines: having an unconstrained choice allows us to choose the most appropriate investment managers for any particular asset class. We are objective and independent in our approach, with no incentive to utilise a specific provider in the underlying composition of the portfolios.
The Harmony Portfolios aim to create the best combination of investments to provide optimal returns relative to each of the eight mandates’ tolerance for risk.
Investment Overview
The Harmony Portfolios aim to provide an ‘all-in’ cornerstone solution for clients that effectively takes responsibility for the significant research burden of investment and manager selection combined with specialist active asset allocation, portfolio construction and risk management activities.
The Portfolios provide a single means through which investors can access a globally diversified multi-asset portfolio of world class investment talent, via a highly liquid and daily dealing UCITS investment vehicle that provides the highest level of security for their investments.
Harmony Portfolio Performance
The realised returns for the Harmony Portfolios are shown below (net of fees). Most of the funds have met or exceeded their return targets over five years, without suffering significant drawdown over any calendar year.
Only the Asian funds have fallen short of our expectations over five years, reflecting a prolonged period of subdued returns for Asian and emerging market assets (particularly in USD terms) that followed a decade long bull market.
Fund Update
All of the Funds in the Harmony Portfolios range posted small declines during September. Most fell by less than 1.0%, except the Asian and Australian focused Funds which fell by between 1.1% -1.4%. Global equities rose 0.7% in local currency terms and were one of the only asset classes delivering a positive return over the month.
Underlying that high growth stocks generally underperformed which is in contrast to the well-established trend in markets over the last couple of years, while emerging market equities also fell. Most other major asset classes declined which offset any equity related gains across the Harmony Portfolios.
Although our careful diversification can detract from performance at times it undoubtedly remains the best way to build resilient portfolios that can withstand the inevitable bumps on the way through this extraordinary cycle. We decided to leave asset allocation and manager selection unchanged in September across the
Harmony Portfolios range.
Share class A, B, C, D
Share class E
Our websites shows information about the funds and services that the Astra Group provide but not any personal advice. If you are looking to invest or any find out any financial services please do not hesitate to get in touch and we can arrange an appointment with one of our financial advisors.