In an exclusive podcast for InvestmentEurope, hosted by Jake Moeller, head of UK and Ireland Research at Thomson Reuters Lipper, David Coombs, head of Multi-Asset Investments at Rathbones cites ongoing uncertainty around Brexit as a key reason to avoid UK domestic assets – he even suggests that a second referendum could be possible.\n
Certain asset valuations additionally support the notion that higher cash holdings may be a logical response in the current environment, along with the argument that the risk of inflation in the UK is higher as a result of Brexit-induced costs running alongside pressure to raise public sector wages.
Coombs lead manages the Rathbone Multi Asset Portfolios (Rathbone Strategic Growth, Rathbone Strategic Income, Total Return and Enhanced Growth funds), and co-manages the Rathbone Strategic Bond Fund with Bryn Jones.
He is a member of Rathbones’ Investment Executive Committee, with responsibility across the group for Rathbones’ investment proposition offered to multi office financial advisory firms. He also sits on Rathbones’ Strategic Asset Allocation Committee.
Coombs joined Rathbones in April 2007 from Baring Asset Management, where he developed their absolute return investment process in the 1990s.
Over his 30 years of experience (20 years-plus in multi-asset management), David has managed unitised and segregated funds for institutional pension funds, captive insurance companies, corporate trustees and private clients including the Baring Optimum and Extended Risk funds. He joined Barings in 1988 from Hambros Bank in Guernsey, where he started his career in 1984. He is an associate of the Chartered Institute of Financial Services.