Newton’s Flood: Why I see the value in alternatives

Launching in 2018, Paul Flood’s Global Multi-Asset Income strategy maintains its brief of an active and flexible approach to income investing, with an emphasis on diversification and asymmetrical returns. But how are allocations evolving? Today the tilt of overall allocation has moved towards incomeproducing alternatives, which now make up 31.0% of the overall portfolio. Here, renewables have become a core theme (11.1%), along with infrastructure (6.2%) and asset financing (3.0%). Royalties have also become an area of nascent interest for manager Paul Flood, with a 2.4% allocation, along with energy storage, also 2.4%.