Gam allocates about a third of its portfolio to US equities which, even in a market where exposure to Wall Street is rising, is a punchy position.

This week we are joined by Julian Howard, chief multi-asset investment strategist at Gam, to discuss why the company has taken such a position.

He also chats with Joseph Wilkins and David Thorpe about volatility following the return of Donald Trump as US president and the role of asset allocation versus fund selection.

The Asset Allocator Podcast is a weekly series aimed at discretionary fund managers, fund selectors and wealth managers, providing insight into the issues that drive investment decisions.

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The Asset Allocator Podcast discusses the big issues in UK fund selection and how wealth managers are positioning their portfolios. Sign up to the newsletter.

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