This interview explores how investors can generate consistent and growing income without sacrificing long-term capital growth. Paul Flood, manager of BNY Mellon Multi-Asset Income fund, discusses the evolving importance of income in retirement planning and how a multi-asset approach can provide diversification across equities, bonds and alternatives. We examine how shifting market conditions, including inflation, interest rates and changing valuations, influence asset allocation decisions. The interview also highlights opportunities in real assets, property and infrastructure, alongside a more value-focused approach to equities. Finally, we look at how themes, fundamentals, ESG considerations and valuation discipline combine to identify attractive investment opportunities in today’s complex market environment.

What’s covered in this episode:

Income vs capital: striking the balance
Why stable income matters more than ever
Retirement income challenges explained
Avoiding the “reach for yield” trap
Asset allocation in changing markets
Bonds vs alternatives: shifting opportunities
Real assets and inflation protection
Discounts and sentiment in investment trusts
Property: where value is re-emerging
Renewable infrastructure opportunities
Value tilt in equity income investing
AI impact on sectors and stock selection
Thematic investing approach explained
Valuations and global market opportunities

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Please remember, we’ve been discussing individual companies to bring investing to life for you. It’s not a recommendation to buy or sell. The fund may or may not still hold these companies at the time of listening. Elite Ratings are based on FundCalibre’s research methodology and are the opinion of FundCalibre’s research team only.