Model Portfolios (weights) – June 2025

In the tables below we present the allocation of model portfolios as voted by our Investment Committee in June 2025.

Core (6 month horizon)*

Asset Class	Low (Investment Profile)	Medium (Investment Profile)	High (Investment Profile)
Cash	37.0	20.0	5.0
Fixed-Income	48.0	40.0	38.3
Sovereign	27.7	21.7	18.3
Investment Grade	16.0	11.7	10.0
High Yield	4.3	6.7	10.0
Equities	10.0	23.3	28.3
Developed	8.3	18.3	23.3
Emerging	1.7	5.0	5.0
Commodities	0.0	5.0	8.3
Alternatives	5.0	11.7	20.0
Total	100	100	100

*All values presented in the table are expressed as percentages.

Tactical (1 month horizon)*

Asset Class	Low (Investment Profile)	Medium (Investment Profile)	High (Investment Profile)
Cash	37.0	20.0	5.0
Fixed-Income	48.0	43.3	38.3
Sovereign	29.3	23.3	20.0
Investment Grade	16.0	13.3	10.0
High Yield	2.7	6.7	8.3
Equities	10.0	20.0	28.3
Developed	8.3	16.7	21.7
Emerging	1.7	3.3	6.7
Commodities	0.0	5.0	8.3
Alternatives	5.0	11.7	20.0
Total	100	100	100

*All values presented in the table are expressed as percentages.

Investment Grid

Asset Class	Low (Investment Profile)	Medium (Investment Profile)	High (Investment Profile)
Cash	=	=	=
Fixed-Income	-	+	+
Sovereign	+	+	+
Investment Grade	=	+	=
High Yield	-	=	-
Equities	=	-	=
Developed	=	-	-
Emerging	=	-	+
Commodities	=	=	=
Alternatives	=	=	=

You can read more about the Investment Committee below:

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