Multi-asset funds in the firing line

Multi-asset funds in the firing line

Are fund groups at risk of going ‘back to the future'?

Last week, Jupiter vice chairman Edward Bonham Carter criticised the large number of asset managers failing to provide returns for clients, singling out multi-asset funds for particular criticism. As advisers increasingly outsource their investment propositions, groups have rushed to launch what Bonham Carter called “me too” products, with the majority struggling to gain traction. Research conducted by Investment Week in October 2013 found just 8% of the 470 funds in the four main IMA Mixed Asset sectors managed to take in £50m or more in the first three quarters of the year.  Iron...