Current Asset Allocation

Each of these portfolios contains different proportions of UK equities, international equities, bonds, cash and alternatives to reflect the investment aims of UK wealth managers. The changes in their values (i.e. the movement up or down of the UK shares, international shares, bonds etc) are represented by the movements of the related indices.

Following a review in July 2024, the PIMFA Indices Committee agreed there will be no changes to the portfolio weights of the MSCI PIMFA Private Investor Index Series.

If you would like your firm to participate in the quarterly asset allocation surveys to ensure that the the index weight methodology for the MSCI PIMFA Private Investor and Equity Risk Index Series’ remain relevant benchmarks for the UK wealth management sector, please email indices@pimfa.co.uk for more information.

The Q4 2024 survey opens Monday 14th October and closes Friday 1st November. Implementation dates for any potential/future asset allocation changes are aligned to MSCI’s Global Index Review rebalancing calendar.

Asset Class	Equities		Bonds			Cash	Real Estate	Alternatives
Underlying Asset Index	UK Equities [MSCI United Kingdom IMI]	International Equities (MSCI All country World Index (ACWI) ex-UK (in GBP))	Bonds: UK Gilts [Markit iBoxx £ Gilts]	Bonds: Corporates [Markit iBoxx £ Corporate]	Bonds: Inflation-Linked [Markit iBoxx UK Gilt Inflation Linked]	Cash [Custom Index of Bank of England Base Rate -0.75%, w/floor of 0%]	Commercial Property [MSCI UK IMI Liquid Real Estate]	Alternatives [Custom Index of 100% Long MSCI World Diversified Multiple Factor Index + 70% Short MSCI World Index]
Conservative	10.00	20.00	12.50	32.50	2.50	2.50	2.50	17.50
Income	15.00	32.50	10.00	20.00	2.50	2.50	2.50	15.00
Balanced	17.50	42.50	5.00	15.00	2.50	2.50	2.50	12.50
Growth	22.50	55.00	2.50	5.00	0.00	2.50	2.50	10.00
Global Growth	Developed World Equities [MSCI World Index (in GBP)]	Emerging World Equities [MSCI Emerging Market Index (in GBP)]
	90.00	5.00	0.00	0.00	0.00	2.50	0.00	2.50

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Current Asset Allocation