Asset allocation ranges are generally wide (with minimum bounds usually set at zero, emphasising the ability to focus on absolute returns). abrdn Australia Limited believes that enhanced risk adjusted returns can be achieved from active Multi Asset investing by exploiting market inefficiencies over multiple time horizons. Steadily over time abrdn Australia Limited looks to reallocate capital from expensive to cheap assets and markets, to preserve and grow capital over a strategic investment time horizon. Simultaneously, to add additional value, it looks to take advantage of market inefficiencies that result from investor over and under-reaction to short-term cyclical and policy developments to add additional value. For the portfolio, this means an outcome-based strategy made possible by combining in-depth research and active asset allocation in a bespoke outcome focused portfolio construction approach.