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 2023, the PIMFA Indices Committee agreed there will be changes to the portfolio weights of the MSCI PIMFA Equity Risk Index Series. The changes became effective Friday 1^st September 2023 and the updated weights are listed below.

The Q4 2023 survey opens Monday 9th October and closes Friday 27th October. If you would like to participate in the quarterly asset allocation surveys, please email indices@pimfa.co.uk

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 (Cash equivalent) [Custom Index of Bank of England Base Rate - 0.75% w/ floor of 0%]	Commercial Property [MSCI UK IMI Liquid Real Estate]	Hedge Funds/ Alternatives [Custom Index of 100% Long MSCI World Diversified Multiple Factor Index + 70% Short MSCI World Index]
Equity Risk 1 Index	7.50	12.50	15.00	37.50	5.00	7.50	2.50	12.50
Equity Risk 2 Index	12.50	22.50	10.00	27.50	2.50	5.00	5.00	15.00
Equity Risk 3 Index	17.50	37.50	5.00	17.50	2.50	2.50	5.00	12.50
Equity Risk 4 Index	22.5	52.50	2.50	7.50	0.00	2.50	2.50	10.00
Equity Risk 5 Index	22.5	72.5	0	0	0	2.5	0	2.5

Asset allocations changes to the MSCI PIMFA Equity Risk Index Series can (but may not) occur up to 4 times per year.

Click here to view current/historic asset allocation changes for the series and their respective implementation dates.

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Current Asset Allocation