Andrew Putwain: How is portfolio construction changing in the current market?
Mike Chappell: My role centres on the private markets, and, from that perspective, we’ve seen a lot of growth, especially in terms of assets that are positive from an ESG perspective.
We’re keen to see this trend continue as we feel it has contributed to the social fabric of the UK.
Other reasons to invest in the private markets are as follows:
- Improved risk-adjusted yield
- Improved portfolio diversification
- Better duration matching for our annuity business
- Control over asset terms
- Improved capital efficiency
- Better inflation matching
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