Parmenion Capital Partners LLP

Asset Classes

Successful investment management is about knowing what you're getting in to. Simple as that. Using risk and return, and building portfolios where the level of riskiness is UNDERSTOOD and ACCEPTED by the client are the only means of truly managing client expectations.

Class	Benchmark	Narrative
Specialist Equity	IMA Specialist Index	Unconstrained as to where it can invest, its focus will be to achieve absolute returns. It may invest in any of the following; regional and country specific funds, funds specific to a sector e.g. energy and commodity funds, private equity, hedge funds and emerging markets.
Equity Growth	25% Financial Times All Share Index 75% FT World Index (excluding UK)	Split 25/75 between UK and International funds, the objective is long term growth with no income requirement. No constraints as to market capitalisation and therefore free to invest in large, medium and small cap funds.
Equity Income	75% FTSE 350 High Yield Index 25% FT World excluding UK Index	Objective to obtain a yield of 110% of the FT All Share index. Combination of 75% UK income funds with the balance selected from International Income funds.
Fixed Income	FT Gilt 5 - 15 Year Index	Aims to provide a stable income with low volatility of returns. Parmenion prefer to invest in strategic bond funds where the fund manager has a flexible mandate to invest in corporate, high yield, international bonds and gilts.
Property	80% IPD UK Monthly Index (All properties) 20% FTSE Real Estate Index	Investing in UK and internationals property funds with the aim of long term growth. As property is not correlated with the UK stock market it provides diversification benefits. Between 50 to 75% will be invested in UK funds with the balance in internationals funds.
Managed Cash	UK over £25,000 gross	Funds that invest in cash deposits with the aim of providing a high rate of interest and portfolio diversification.

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