1. Set Objectives. The OptiMix investment process is based on achieving a defined return objective, within a structured approach to risk management.

2. Asset Class Selection.  In any process it may be necessary to introduce new assets classes as part of the strategic asset allocation process but it is often forgotten that this inevitably involves an element of market timing as changes are effected. In the absence of an active TAA process good ideas can, and often do, detract from performance.

3. Strategic Asset Allocation. The most influential inputs to any strategic asset allocation process are the forecast returns. This relies on a deep understanding of market valuation and momentum, in turn demanding close interaction with markets.

4. Portfolio Construction. Construction of the portfolio occurs with the medium to long-term in mind. This involves consideration of which structure is best able to take advantage of the environment over that horizon.

6. Tactical Asset Allocation. Tactical asset allocation compensates for the rigidities inherent in static strategic asset allocation frameworks.

7. Active Manager Allocation. OptiMix actively tilts manager weightings in order to benefit from changes in the business environment and ensure that the characteristics of the underlying multi-manager portfolio are in line with the team's tactical view.

8. Monitoring and ongoing review. The portfolios are all monitored through regular risk management and compliance reporting. Formal and informal manager performance reviews are also conducted on a regular basis.