Analysis: The absolute return conundrum
There is a long line of asset managers rolling out funds aimed to “balance” and “diversify” returns, but is the multi-asset universe about to be turned on its head?
There is a long line of asset managers rolling out funds aimed to “balance” and “diversify” returns, but is the multi-asset universe about to be turned on its head?
2016 has left a lot of investors wrong-footed, but if recent multi-asset moves are anything to go by, managers are looking to be increasingly fleet footed in 2017 to avoid being left flat on their backs.
It’s the big divorce that is the talk of today’s headlines – yes, investors have fallen out of love with hedge funds.
Pictet Asset Management has launched a multi-asset income fund, its first domiciled in Hong Kong, and has high expectations for emerging Asia equities over the next five years.
There are now for the first time more multi-asset funds than bond funds for sale in Europe, according to statistics released by Lipper today.
Global asset manager Schroders said improving investor sentiment toward China and the demand for income has prompted it to launch a new China Asset Income Fund.
Morgan Stanley Investment Management has added the Global Balanced and Global Balanced Defensive funds to its line-up.
Known as an emerging markets specialist, Aberdeen Asset Management has been diversifying into alternatives and intends to push this asset class and multi-asset funds in Asia, said Andrew McCaffery, global head of alternatives and group head of solutions.
If the lower for longer period of global growth and interest rates does come to an end, David Jane, manager of Miton Group’s multi-asset range, said he would have to restructure roughly half of his portfolio.
The BNP Paribas multi-asset team tactic, in the current febrile environment, is to tread carefully in its search for alpha and let the fallout from Brexit, modest global growth and doubts over monetary policy play out.
The UK’s Investment Association has unveiled a new volatility-managed sector, to deal with the swelling ranks of unclassified funds.
In a low yielding and high risk world multi-asset funds are best placed to meet the investment outcomes clients require, says Colin Graham, head of active asset allocation, multi asset solutions for BNP Paribas Investment Partners.