Multi-asset investing was designed to offer diversification in a single portfolio as an easy introduction to investing for the novice investor, and also a straightforward way to balance out various risks that hit a variety of stocks in different ways.

As we are fully embedded in an interest rate-raising environment, with inflation stubbornly high, many experts are calling for a recession as being the only real cure.

Whether or not this actually occurs is open to question, but those subject to rising housing costs are being forced to rein in their spending, even on essentials.

So what does this mean for the investor? Typically bonds and equities have been part of the same portfolio to balance each other out, but recently there has been positive correlation between the two, and there are concerns about being in a high interest rate environment with lower economic activity.

This guide, for Schroders Talking Point, hopes to address some of the problems that arise for investors.