Quilter has made an unusual one-off trade across its managed portfolio service range following the surge in the gold price.
The ‘ad-hoc’ rebalance, which took place on 22 April, saw the investment team lock in profit on the Quilter Investors Precious Metals Equity fund, which is sub-advised by BlackRock and has shot up by 20% since the start of March.
The rebalance was across the 24 portfolios within the Quilter WealthSelect range, which contains a total of 56 portfolios and oversees around £15bn in assets.