Newton

Hundreds of multi-asset funds are failing to gain traction among investors despite a concerted push into the space by asset managers, Investment Week analysis shows.

Exposure to New Zealand caused the £4.4bn Newton Asian Income fund to significantly underperform its peers in November, as unexpected political risks rocked the local market.

Philip Collins has joined Sarasin & Partners to run multi-asset portfolios for the group.

Lawrence Gosling, founding editor of Investment Week, looks at what impact regulation - driven by the RDR - is going to have on the fund management industry.

ON ASIA PACIFIC

Fidelity Worldwide Investment is to expand its equity income franchise with the launch of a Global Enhanced Income fund for manager Dan Roberts.

Broadly speaking, the investment story of 2013 so far has been one of soaring developed world equity markets but slumping bond returns. But how has that translated in terms of fund flows in the UK?

Fixed income managers have taken profits on their short positions in US treasuries in the expectation this week could mark the start of a short-term rally.

Absolute return providers have been forced to respond to capacity questions by changing fund remits or even soft-closing vehicles as flows into the sector leap this year.