Provide a brief description of core-satellite approach and the style-blending approach., with reference to Shaun's current portfolio, explain and justify whether a core-satellite or style-blending approach is currently being used for each of the asset classes in which he is invested.

With reference to Shaun's needs and objectives and personal preferences, provide a brief discussion on which asset classes in his SAA would be more suited to a core-satellite approach and which would be more suited to a blended approach. Your reasoning should be incorporated in your response