Daniel Blamont: My role is titled head of investment strategy, though I have always, even in previous positions, spent time on investment strategy and diversification.
We know that the market’s quote is that, ‘diversification is the only free lunch’ and so obviously it is continually worth looking at.
"To achieve diversification, you need to make substantial efforts
in some cases."
From my point of view, and from more of an annuity angle, diversification is key. If you just go into a portfolio of corporate bonds and gilts, you don’t have diversification, so it is quite hard to achieve it within just one broad asset class.