Indosuez Wealth Management – 10%
Indosuez Wealth Management’s balanced portfolio allocates 10% to alternatives, down from 13.5% at the start of the year.
The bank has trimmed its allocation to commodities and quantitative strategies, said Grizelda Lee, head of discretionary portfolio management for Asia.
‘We acknowledge that the current environment may not produce efficient numbers for quantitative programmes to run, with forward-looking estimates still all over the place.
‘We are also keeping some dry powder for deployment into long-only plays in time to come,’ Lee told Citywire Asia.
In addition, the bank is monitoring opportunities in distressed assets, with the energy sector being hard hit by the virus.