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Fixed allocation

Investments with low intervention, and a low cost.
An investment product designed to perform without active management.

With investment, your capital is at risk.

Learn what we mean by risk.

Low intervention

Globally diversified

Designed by experts

Fixed allocation

These portfolios are designed to perform without the intervention of our investment team. Your portfolio will be automatically rebalanced to ensure your investments match your risk level, but the assets will only be reviewed once a year to make sure they're still right for you.

Fixed allocation, in a nutshell

Who’s it for?


“I want a diversified portfolio without the cost of continuous management.”

What does the portfolio contain?


A globally diversified portfolio of exchange traded funds (ETFs). An ETF typically tracks a market index and makes it possible to access a pool of investments without buying each one individually.
Our fixed allocation style has a fixed universe of investments based on your risk profile.

You can find out more about ETFs in this guide.

Is there ongoing management?


No. The mix of investments in the fixed allocation portfolios is set by our investment team at the beginning, rebalanced automatically and reviewed once a year. You can think of fixed allocation as a “set and forget” style, but there’s science and expertise behind how it’s set.

Risk levels


Choose from 5 risk levels – low to high – to reflect your risk appetite.

Is my money locked in?


No. You can have access to your money in a few days, at any time, with a stocks and shares ISA or general investment account. Pension, Lifetime ISA and Junior ISA have withdrawal restrictions and conditions that may apply.

What other investment styles are available?

All five Nutmeg investment styles are built by experts and use exchange traded funds (more on ETFs here) to diversify across stocks, bonds, industries, even countries.

Choose the one that works for you. 

Fully managed

Proactively managed portfolio.


Find out more

Thematic investing

Invest in the long-term trends shaping our future.

Find out more

Socially responsible investing

Built to incorporate ESG considerations.


Find out more

Smart Alpha

Powered by J.P. Morgan Asset Management.

Find out more

Past performance and asset allocation

Below you can see a detailed breakdown of our performance, as well as an indication of how our investments are allocated across global financial markets.

Scroll down the page to see the results. It will update automatically when you change the risk level.Scroll down the page to see the results. It will update automatically when you change the risk level.Scroll down the page to see the results. It will update automatically when you change the risk level.Scroll down the page to see the results. It will update automatically when you change the risk level.
Risk level

Track record

Explore our 5-year track record for each of our 5 risk-based Fixed Allocation portfolios.

The past performance shown represents a composite of asset-weighted average returns for Nutmeg client portfolios, net of all fees. A composite return represents the average return of all client accounts for a given risk level on a given day, weighted by assets. Past performance is not a reliable indicator of future performance.

*The annualised figure is the return since inception expressed as a compound annual rate. For example, a portfolio with an annualised return of 6% corresponds to an actual return of 19.1% over three years (rather than 18% as you might expect) due to the effect of compounding.

Capital at risk.

A simple fee structure 

Most people ask us…

If you prefer lower costs for your investments, then fixed allocation might be for you. However, if you want an investment professional to watch over your investments with the ability to make changes on a daily basis, then you might consider fully managed.

 

In terms of how they’re designed, the fixed allocation portfolios have a backward-looking perspective. They are constructed with the implicit assumption that past long-term market behaviour will be repeated in the future over the long term, although, as with all investment, this is not a guarantee.

 

Fully managed portfolios have a forward-looking perspective, with the investment team making decisions about market value, market momentum, prevailing cyclical and structural forces expected to impact in the near to medium term. The investment team learns from past behaviour, but is not tied to it.

 

These differences in investment perspective and portfolio flexibility help to explain asset allocation differences between fixed and fully managed portfolios and the resulting short and medium-term portfolio returns.

 

Fixed allocation portfolios are cheaper than fully managed because they are an off-the-shelf investment product that does not require daily management by our investment team. Fully managed portfolios cost more than fixed allocation ones because they are an investment service, overseen and managed by Nutmeg’s experienced investment team.

Fixed allocation portfolios are cheaper than fully managed because they are an off-the-shelf investment product that does not require daily management by our investment team. Fully managed portfolios cost more than fixed allocation ones because they are an investment service, overseen and managed by Nutmeg’s experienced investment team.

Because of the way they are built, the fixed allocation portfolios can be seen as based on historical performance, since the mix of investments in the portfolio reflects past market conditions. Offsetting this risk is the fact that the Nutmeg team update the fixed allocations once a year based on the last year’s data. The annual review is an opportunity to add new asset classes that may emerge or to replace an ETF with a better performing substitute.