Another standout year for the Cantor Fitzgerald Multi-Asset Funds

1. Remind us of the key features of the Cantor Multi‑Asset Funds?

The Cantor Multi‑Asset Fund range—MA30, MA50 and MA70—is designed to give investors diversified, risk‑aligned exposure across a broad mix of asset classes. Its enduring features include:

• Diversified, risk‑rated portfolios: Each fund blends equities, fixed income, alternatives, property/REITs and cash, with allocations structured to match the designated risk level—MA30 being more conservative, MA70 more growth‑oriented.
• Active, valuation‑driven allocation: The investment team adjusts allocations dynamically based on long‑term valuations and risk considerations, ensuring each portfolio remains aligned to its risk/return objectives.
• Disciplined risk‑management framework: A systematic approach to managing volatility, drawdowns and overall portfolio beta underpins the strategy, aiming to deliver consistent long‑term outcomes across all market environments.

3. What’s your outlook for 2026, and how does this impact positioning?

Heading into 2026, we are maintaining a cautious stance. The environment is characterised by a mix of elevated valuations, signs of economic softening, and ongoing geopolitical and supply‑chain uncertainties—factors that warrant a focus on high‑quality assets and prudent diversification. Our positioning reflects that.

• Equity exposure held at the lower end of ranges: While we still maintain meaningful exposure to global equities, we’re emphasising defensive, cash‑generative sectors across Europe, the UK and the US, including:
  • Banks (UK & Europe)
  • Utilities
  • Healthcare
  • Energy & water
  • Select industrials
• Overweight long‑dated bonds: With a backdrop of moderating inflation and potential fiscal tightening via increased taxation, long‑duration government bonds offer resilience, diversification and income.
• Underweight US equities and the AI‑linked tech segment: We continue to be cautious about the sustainability of the investment cycle in US mega‑cap tech and AI‑infrastructure names. The decision to reduce exposure earlier in the year was strategic, reflecting concerns about capex intensity, financing pressures and elevated valuations.
• Alternatives remain a stable diversifier. Allocations of approximately 8–8.4% across the range provide uncorrelated return streams and help stabilise overall portfolio volatility.