Amid global headwinds...

Well known among investors, potential headwinds cloud the horizon in recent years. Portfolio diversification could be a good way to moderate risks without necessarily sacrificing returns particularly during turbulent times.

Yet, many funds claim to be diversified. Most multi asset funds indeed offer only a basic mix of equities, bonds and cash. That risks leaving investors exposed in a world where expected equity and bond returns have fallen and appear to be more closely correlated.