Jan-26: Insights

Read the latest Avastra Fund insights on Markets, Equities, Bonds and Alternatives for January 2026.

MARKETS

Concerns around the debasement of the US Dollar led to Euro and Sterling strength, and a blistering 
run in Gold & Precious metals.

As earnings growth gathers momentum, investors are rotating out from US technology sector to other 
parts of the equity market where valuations are less stretched.
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America’s “Donroe Doctrine” led to regime change in Venezuela and risked splitting allies over 
Greenland.

EQUITIES

The VT Avastra Global Equity Fund returned +0.28% for the month.

• Regional changes include increasing allocations to S&P 500 Equal Weight and EM ex China 

whilst reducing S&P 500 Index exposures.

• Sector switches include moving out from IT and Comm. Services in favour of Financials and 

Utilities

• Factor switches include moving out from Momentum in favour of Value.
• Manager switch includes introducing Deep Buffer strategies in place of S&P 500 Top 20.

The fund provides a “4-in-1” active allocation strategy across Regional, Sector, Factor and Manager 
strategies

BONDS

The VT Avastra Global Fixed Income Fund returned -0.58% for the month.

• Switches include partially moving from EM USD Debt to EM Local currency debt and moving 

from USD ultrashort to GBP ultrashort strategies.
The fund provides an active allocation approach to managing duration and credit quality exposure 
within the Bond sector

ALTERNATIVES

The VT Avastra Global Alternatives Fund returned +2.10% for the month.

• Changes included selling out from GBP Ultrashort Strategies in favour of Listed Private Equity 

and Copper exposures.
The fund provides both asset-based and risk-based diversification, as an alternative to equities and 
bonds.