{"id":8765,"date":"2022-04-28T16:27:44","date_gmt":"2022-04-28T16:27:44","guid":{"rendered":"https:\/\/www.taml.co.uk\/5\/strategies\/multi-asset\/"},"modified":"2025-10-28T11:24:28","modified_gmt":"2025-10-28T11:24:28","slug":"multi-asset","status":"publish","type":"wpa_strategies","link":"https:\/\/www.taml.co.uk\/5\/strategies\/multi-asset\/","title":{"rendered":"Multi-Asset"},"content":{"rendered":"\n
\n\t
\n\t\t\n\t\t\t\t\t
\n\t\t\t\t

\n\t\t\t\t\tOur approach\t\t\t\t\t\t\t\t\t<\/h2>\n\t\t\t<\/div>\n\t\t\t\t\n\t\t

Troy\u2019s Multi-Asset Strategy is managed by a team of four. They are supported by the wider Investment Team who are collectively responsible for research.\u00a0 We have a long-term, long-only strategy with the flexibility to invest globally across a broad range of asset classes. Our approach is conservative, with attention paid, first and foremost, to the downside risk of any investment.<\/p>\n

 <\/p>\n\t\t\n\t\t\t\t\n\t<\/div>\n<\/div>\n\n\n

\n\t\n\t
<\/div>\n\t\n\t
\n\t\n\t\t\t\t\t
\n\t\t\t\t

\n\t\t\t\t\tHow we invest \t\t\t\t\t\t\t\t\t<\/h2>\n\t\t\t<\/div>\n\t\t

We combine cautious asset allocation with the careful selection of what we consider to be high-quality companies, purchased at attractive valuations. We select other asset classes on the basis of:<\/p>\n

Diversifying risk, such as gold-related investments and government bonds<\/p>\n

Safety and optionality, such as short-dated Treasuries and cash<\/p>\n

Protection from inflation, such as index-linked government bonds and gold-related investments<\/p>\n\t\t\n\t\t\n\n\t<\/div>\n\n<\/div>\n\n\n

\n\t\n\t\n\t\t
\n\t\t\t

Performance<\/h2>\n\t\t<\/div>\n\n\t\t
\n\t\t<\/div>\n\n\t\t
\n\t\t\t

Source: Lipper.<\/p>\n

<\/th>31\/05\/2001<\/th>31\/03\/2016<\/th>31\/03\/2021<\/th>31\/03\/2023<\/th>31\/03\/2025<\/th>30\/09\/2025<\/th><\/tr><\/thead>
<\/td>Since Launch<\/td>10 Years<\/td>5 Years<\/td>3 Years<\/td>1 Year<\/td>6 Months<\/td><\/tr>
Trojan O Inc<\/td>387.0<\/td>62.2<\/td>26.4<\/td>15.2<\/td>4.8<\/td>1.0<\/td><\/tr>
UK Retail Price Index<\/td>134.3<\/td>56.3<\/td>37.5<\/td>11.2<\/td>3.3<\/td>0.5<\/td><\/tr>
FTSE All-Share TR<\/td>360.0<\/td>129.8<\/td>69.3<\/td>45.6<\/td>21.5<\/td>8.9<\/td><\/tr>
Bank of England Base Rate<\/td>76.8<\/td>20.5<\/td>18.0<\/td>15.1<\/td>4.2<\/td>2.0<\/td><\/tr><\/tbody><\/table><\/div>
\n\n
Discrete Calendar Annual Returns (%)<\/th>2001<\/th>2002<\/th>2003<\/th>2004<\/th>2005<\/th>2006<\/th>2007<\/th>2008<\/th>2009<\/th>2010<\/th>2011<\/th>2012<\/th>2013<\/th>2014<\/th>2015<\/th>2016<\/th>2017<\/th>2018<\/th>2019<\/th>2020<\/th>2021<\/th>2022<\/th>2023<\/th>2024<\/th>2025<\/th>2026<\/th><\/tr><\/thead>
Trojan O Inc<\/td>0.6<\/td>4.1<\/td>15.4<\/td>10.3<\/td>15.9<\/td>12<\/td>6.1<\/td>1.1<\/td>11.6<\/td>14.4<\/td>8.5<\/td>2.1<\/td>-3.1<\/td>8.9<\/td>3.2<\/td>12.3<\/td>4.1<\/td>-3<\/td>10.7<\/td>7.4<\/td>12.1<\/td>-3.8<\/td>2.7<\/td>6.7<\/td>9<\/td>-2<\/td><\/tr><\/tbody><\/table><\/div>
\n\n

Source: Lipper. Since Launch (31\/05\/2001) to 31 March 2026. Past performance is not a guide to future performance. <\/strong>Performance is calculated on a total return basis, net of fees, in sterling terms.\u00a0<\/strong><\/p>\n\t\t<\/div>\n\t\n\t\n<\/div>\n\n\n

\n\t\n\t\t\n\t\t
\n\t\t\t

Risk and Volatility since launch<\/h2>\n\t\t<\/div>\n\n\t\t
\n\t\t<\/div>\n\t\t\n\t\t
\n\t\t\t\t\t\t\t<\/div>\n\t\t\n\t\n<\/div>\n\n\n

Performance is calculated on a total return basis, net of fees, in sterling terms. Past performance is not a guide to future performance. The information shown relates to a mandate which is representative of, and has been managed in accordance with, Troy Asset Management Limited\u2019s Multi-Asset Strategy.  <\/strong><\/p>\n\n\n\n

Source: Lipper. Since Launch (31\/05\/2001) to 31 March 2026.<\/p>\n\n\n\n

\n\t\n\t\t\t
\n\t\t\t

\n\t\t\t\tMulti-Asset team\t\t\t<\/h2>\n\t\t<\/div>\n\t\t\n\t
\n\t\t\n\t\t
\n\t\n\t\t\t\n
\n\t\n\t\t\t\n\t\t\t\"\"\t\t<\/a>\n\t\t\n\t
\n\n\t\t

Charlotte Yonge CFA<\/h3>\t\t\t

\n\t\t\t\tSenior Fund Manager\t\t\t<\/p>\n\t\t\t\t\n\t\t\n\t\t\tBio\t\t<\/a>\n\t\t\n\t<\/div>\n\n<\/article>\n\n

\n\t\n\t\t\t\n\t\t\t\"\"\t\t<\/a>\n\t\t\n\t
\n\n\t\t

Michael Kinsella<\/h3>\t\t\t

\n\t\t\t\tInvestment Specialist\t\t\t<\/p>\n\t\t\t\t\n\t\t\n\t\t\tBio\t\t<\/a>\n\t\t\n\t<\/div>\n\n<\/article>\n\n

\n\t\n\t\t\t\n\t\t\t\"\"\t\t<\/a>\n\t\t\n\t
\n\n\t\t

Sebastian Lyon<\/h3>\t\t\t

\n\t\t\t\tFounder & Chief Investment Officer\t\t\t<\/p>\n\t\t\t\t\n\t\t\n\t\t\tBio\t\t<\/a>\n\t\t\n\t<\/div>\n\n<\/article>\n\t\t\t\n\t\t<\/div>\n\t\n\t<\/div>\n\t\n<\/div>\n\t\n

\n\t\n
\n\n\t
\n\n\t\t
\n\n\t\t\t\"\"\n\t\t<\/div>\n\n\t\t
\n\n\t\t\t

Charlotte Yonge CFA<\/h3>\t\t\t\t

\n\t\t\t\t\tSenior Fund Manager\t\t\t\t<\/p>\n\t\t\t\n\t\t<\/div>\n\n\t\t

\n\n\t\t\t

Charlotte is the Co-Manager of the Trojan Fund and Personal Assets Trust and Fund Manager of the Trojan Ethical Fund.<\/strong><\/p>\n

She joined Troy in 2013 from Ruffer Investment Management, where she worked as an Investment Associate. She graduated from the University of Cambridge with an MA in Modern Languages, and holds the CISI Diploma. Charlotte is also a CFA Charterholder.<\/p>\n

Charlotte is also a Co-Founder of GAIN (Girls Are INvestors), a charity established to inform and inspire the next generation of young women to enter the investment management industry in the UK.<\/p>\n\t\t\t\n\t\t<\/div>\n\t\t\t\n\t\t

\n\t\t\t\n\t\t\t\tClose bio\t\t\t<\/a>\n\t\t<\/div>\n\n\t<\/div>\n\n<\/div>\n\n
\n\n\t
\n\n\t\t
\n\n\t\t\t\"\"\n\t\t<\/div>\n\n\t\t
\n\n\t\t\t

Michael Kinsella<\/h3>\t\t\t\t

\n\t\t\t\t\tInvestment Specialist\t\t\t\t<\/p>\n\t\t\t\n\t\t<\/div>\n\n\t\t

\n\n\t\t\t

Michael is an investment specialist on the Multi-Asset Strategy. Michael joined the Business Development Team at Troy in May 2016 from Veritas Investment Management where he worked as an Assistant Portfolio Manager.<\/strong><\/p>\n

Michael graduated from Dublin Business School with a BA (Hons) in Business Studies in 2005. He holds a Master\u2019s in Wealth Management from the Chartered Institute for Securities & Investment, the Investment Management Certificate (IMC), and the Certificate in ESG Investing.<\/p>\n\t\t\t\n\t\t<\/div>\n\t\t\t\n\t\t

\n\t\t\t\n\t\t\t\tClose bio\t\t\t<\/a>\n\t\t<\/div>\n\n\t<\/div>\n\n<\/div>\n\n
\n\n\t
\n\n\t\t
\n\n\t\t\t\"\"\n\t\t<\/div>\n\n\t\t
\n\n\t\t\t

Sebastian Lyon<\/h3>\t\t\t\t

\n\t\t\t\t\tFounder & Chief Investment Officer\t\t\t\t<\/p>\n\t\t\t\n\t\t<\/div>\n\n\t\t

\n\n\t\t\t

Sebastian is Troy\u2019s Chief Investment Officer and is responsible for Troy\u2019s Multi-Asset Strategy. He is the Co-Manager of the Trojan Fund and Personal Assets Trust.<\/strong><\/p>\n

Sebastian began his career in 1989 at Singer & Friedlander Investment Management. Joining Stanhope Investment Management (the management company for the GEC Pension Fund) in 1995, he jointly managed the \u00a32 billion equity portfolio and the Fund\u2019s asset allocation. He was appointed Director in 1999, and in 2000 he left to establish Troy. Gaining his BSc in Politics from Southampton University, Sebastian holds the ASIP qualification and is an Associate Member of the CFA Society of the UK.<\/p>\n\t\t\t\n\t\t<\/div>\n\t\t\t\n\t\t

\n\t\t\t\n\t\t\t\tClose bio\t\t\t<\/a>\n\t\t<\/div>\n\n\t<\/div>\n\n<\/div>\n<\/div>","protected":false},"template":"","class_list":["post-8765","wpa_strategies","type-wpa_strategies","status-publish","hentry"],"acf":[],"yoast_head":"\nMulti-Asset - TAML 5 - EU<\/title>\n<meta name=\"description\" content=\"%\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.taml.co.uk\/5\/strategies\/multi-asset\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Multi-Asset - TAML 5 - EU\" \/>\n<meta property=\"og:description\" content=\"%\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.taml.co.uk\/5\/strategies\/multi-asset\/\" \/>\n<meta property=\"og:site_name\" content=\"TAML 5 - EU\" \/>\n<meta property=\"article:modified_time\" content=\"2025-10-28T11:24:28+00:00\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"duncan\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.taml.co.uk\\\/5\\\/strategies\\\/multi-asset\\\/\",\"url\":\"https:\\\/\\\/www.taml.co.uk\\\/5\\\/strategies\\\/multi-asset\\\/\",\"name\":\"Multi-Asset - TAML 5 - EU\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.taml.co.uk\\\/5\\\/#website\"},\"datePublished\":\"2022-04-28T16:27:44+00:00\",\"dateModified\":\"2025-10-28T11:24:28+00:00\",\"description\":\"%\",\"breadcrumb\":{\"@id\":\"https:\\\/\\\/www.taml.co.uk\\\/5\\\/strategies\\\/multi-asset\\\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/www.taml.co.uk\\\/5\\\/strategies\\\/multi-asset\\\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/www.taml.co.uk\\\/5\\\/strategies\\\/multi-asset\\\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/www.taml.co.uk\\\/5\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Strategies\",\"item\":\"https:\\\/\\\/www.taml.co.uk\\\/5\\\/strategies\\\/\"},{\"@type\":\"ListItem\",\"position\":3,\"name\":\"Multi-Asset\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/www.taml.co.uk\\\/5\\\/#website\",\"url\":\"https:\\\/\\\/www.taml.co.uk\\\/5\\\/\",\"name\":\"TAML 5 - EU\",\"description\":\"Troy Asset Management\",\"publisher\":{\"@id\":\"https:\\\/\\\/www.taml.co.uk\\\/5\\\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\\\/\\\/www.taml.co.uk\\\/5\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\\\/\\\/www.taml.co.uk\\\/5\\\/#organization\",\"name\":\"TAML 5 - EU\",\"url\":\"https:\\\/\\\/www.taml.co.uk\\\/5\\\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/www.taml.co.uk\\\/5\\\/#\\\/schema\\\/logo\\\/image\\\/\",\"url\":\"https:\\\/\\\/www.taml.co.uk\\\/5\\\/wp-content\\\/uploads\\\/sites\\\/12\\\/2023\\\/06\\\/TroyLogo-White-scaled.jpg\",\"contentUrl\":\"https:\\\/\\\/www.taml.co.uk\\\/5\\\/wp-content\\\/uploads\\\/sites\\\/12\\\/2023\\\/06\\\/TroyLogo-White-scaled.jpg\",\"width\":2560,\"height\":911,\"caption\":\"TAML 5 - EU\"},\"image\":{\"@id\":\"https:\\\/\\\/www.taml.co.uk\\\/5\\\/#\\\/schema\\\/logo\\\/image\\\/\"},\"sameAs\":[\"https:\\\/\\\/www.linkedin.com\\\/company\\\/troy-asset-management-limited\\\/\"]}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Multi-Asset - TAML 5 - EU","description":"%","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.taml.co.uk\/5\/strategies\/multi-asset\/","og_locale":"en_US","og_type":"article","og_title":"Multi-Asset - TAML 5 - EU","og_description":"%","og_url":"https:\/\/www.taml.co.uk\/5\/strategies\/multi-asset\/","og_site_name":"TAML 5 - EU","article_modified_time":"2025-10-28T11:24:28+00:00","twitter_card":"summary_large_image","twitter_misc":{"Written by":"duncan"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/www.taml.co.uk\/5\/strategies\/multi-asset\/","url":"https:\/\/www.taml.co.uk\/5\/strategies\/multi-asset\/","name":"Multi-Asset - TAML 5 - EU","isPartOf":{"@id":"https:\/\/www.taml.co.uk\/5\/#website"},"datePublished":"2022-04-28T16:27:44+00:00","dateModified":"2025-10-28T11:24:28+00:00","description":"%","breadcrumb":{"@id":"https:\/\/www.taml.co.uk\/5\/strategies\/multi-asset\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.taml.co.uk\/5\/strategies\/multi-asset\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/www.taml.co.uk\/5\/strategies\/multi-asset\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.taml.co.uk\/5\/"},{"@type":"ListItem","position":2,"name":"Strategies","item":"https:\/\/www.taml.co.uk\/5\/strategies\/"},{"@type":"ListItem","position":3,"name":"Multi-Asset"}]},{"@type":"WebSite","@id":"https:\/\/www.taml.co.uk\/5\/#website","url":"https:\/\/www.taml.co.uk\/5\/","name":"TAML 5 - EU","description":"Troy Asset Management","publisher":{"@id":"https:\/\/www.taml.co.uk\/5\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.taml.co.uk\/5\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/www.taml.co.uk\/5\/#organization","name":"TAML 5 - EU","url":"https:\/\/www.taml.co.uk\/5\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.taml.co.uk\/5\/#\/schema\/logo\/image\/","url":"https:\/\/www.taml.co.uk\/5\/wp-content\/uploads\/sites\/12\/2023\/06\/TroyLogo-White-scaled.jpg","contentUrl":"https:\/\/www.taml.co.uk\/5\/wp-content\/uploads\/sites\/12\/2023\/06\/TroyLogo-White-scaled.jpg","width":2560,"height":911,"caption":"TAML 5 - EU"},"image":{"@id":"https:\/\/www.taml.co.uk\/5\/#\/schema\/logo\/image\/"},"sameAs":["https:\/\/www.linkedin.com\/company\/troy-asset-management-limited\/"]}]}},"_links":{"self":[{"href":"https:\/\/www.taml.co.uk\/5\/wp-json\/wp\/v2\/wpa_strategies\/8765","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.taml.co.uk\/5\/wp-json\/wp\/v2\/wpa_strategies"}],"about":[{"href":"https:\/\/www.taml.co.uk\/5\/wp-json\/wp\/v2\/types\/wpa_strategies"}],"wp:attachment":[{"href":"https:\/\/www.taml.co.uk\/5\/wp-json\/wp\/v2\/media?parent=8765"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}