Flows into multi-asset funds drying up
Investor enthusiasm for multi-asset funds is on the decline. Though asset flows are still positive, they are now at their lowest level since August 2012. Are the heydays of multi-asset funds over?
Investor enthusiasm for multi-asset funds is on the decline. Though asset flows are still positive, they are now at their lowest level since August 2012. Are the heydays of multi-asset funds over?
Fidelity Solutions’ multi-asset team looks at the reasons why investors should look through the current volatility.
Since Markowitz, multi-asset investing has been increasingly “en vogue”. The other trait that has caught the imagination – as well the attention of the regulators – is risk assessment.
Multi-asset investing is a holistic approach to investment that balances risk with clients’ profiles. For banks and financial advisers, multi-asset investing has the potential to provide a simple, yet sophisticated solution for retail-level and affluent investors.
The SLI GARS fund was the best-selling mutual fund in Europe in November, taking in €1bn in net new money. However, there are multi-strategy funds that perform much better.
The departure of Mark Harries from Aberdeen has brought the spotlight back on the world of multi-managers. But it is one aspect in particular that’s the big talking point.
Mark Richards has joined JP Morgan Asset Management (JPMAM) as a strategist in the global multi-asset solutions group.
Nordea Asset Management has launched a new multi-asset fund for UK investors, the Nordea 1 – GBP Diversified Return Fund.
While commentators are quick to praise innovation within the funds space, is there a case to say that the industry is still edging towards conservatism and risk aversion?
About $105bn flowed out of mixed asset products in Q3, and total net flows from retail investors were down by more than half, according to data from Strategic Insight.
In Singapore, Aviva Investors has launched two sub-funds of its Luxembourg-domiciled multi-asset products.
ETF Securities has reported a three-fold increase in ‘retail’ investors looking to hedge their currency exposure since the start of the year.