Core portfolios focus on maximising risk-adjusted returns while Global ARI portfolios primarily focus on downside risk protection.
In terms of portfolio construction, Global ARI portfolios follow a dynamic asset allocation process to maintain a target portfolio risk level at all times. Core portfolios, on the other hand, achieve relatively stable asset allocations by applying an asset class risk-budgeting approach making it easier to implement a passive investing strategy.
In terms of portfolio offerings, there are only three Core portfolio types to choose from. Global ARI provides 11 portfolio types.