Helen Bradshaw (C) Quilters

The £30bn MPS added to the Quilter Investors Europe (ex UK) Equity Income Fund and increased its value exposure in emerging markets by allocating to the Quilter Investors China Equity Fund as part of its latest quarterly rebalance but did not change its headline asset allocation.

The team upped its European weighting via EdenTree European Sustainable Equities Fund and adding the Lyrical GIVES and CT Sustainable Global Equity Income Funds to boost its responsible and sustainable portfolios.

It took profits from gold following a strong run in its Quilter Investors Precious Metals Equity Fund, with the proceeds recycled into alternative and fixed incomes. The MPS moved away from passive gilts towards active global government bonds strategies ahead of the UK’s Budget.

The fund managers also increased the Quilter Investors Global Government fund and the Aegon Sustainable Sovereign Bond Fund across is sustainable and responsible ranges.

WealthSelect portfolio manager Helen Bradshaw told CityWire: “This concentration in equity markets, together with heightened volatility in bond yields, is creating a broader opportunity set for skilled active managers. In equities, it provides greater scope to add value through stock selection.”