Asset allocation


The distribution of assets among different categories varies over time, depending on market conditions and the management team's expectations of future trends.

This is a matter of allocating assets among, first, the various asset types and, second, different markets. At year-end 1988, the portfolio was 100% composed of interest-bearing securities. Since then the proportions invested in shares but also properties and alternative investments have risen. In the past ten-year period, RJ has had an average of 54% of its assets invested in shares.

Asset allocation in the years 1989 to 2016

Chart showing asset allocation in the years 1989 to 2016


Allocation at 31 Dec. 2016

Asset distribution

Chart showing Asset distribution




 Allocation within shares


Shares (54,5% of portfolio)


Exposure by region


Exposure by sector

Chart showing allocation within shares


Chart showing exposure by region


Chart showing exposure by sector


Allocation, interest-bearing portfolio and other investments


  Properties and alternative investments

Chart showing allocation, interest-bearing portfolio


Chart showing allocation properties and alternative investments