Investments  

Guide to multi-manager funds

  • Describe how multi-manager funds have performed
  • Explain how the traditional asset allocation methods have broken down
  • Describe how multi-manager funds are trying to solve the income conundrum
CPD
Approx.60min
Guide to multi-manager funds
Jess Bailey Designs/Pexels

Introduction

Multi-manager funds were among the first products to come to market offering advisers an off-the-shelf investment management solution, where all of the underlying assets required to create a properly diversified portfolio which could serve as a “one stop shop” for clients.

More recently, discretionary fund managers,  and the creation of model portfolio services have widened the range of options for advisers seeking an outsourced investment solution, while the traditional asset allocation models which underpin multi-manager  funds have come under pressure. 

This report looks at the ways multi-manager fund managers have evolved their portfolios to deal with the challenges of today, and what they look for in the funds they buy for clients. 

This guide is worth 60 minutes of CPD 

In this guide

CPD
Approx.60min

Please answer the six multiple choice questions below in order to bank your CPD. Multiple attempts are available until all questions are correctly answered.

  1. Why does Rob Morgan think a high dividend strategy has been painful in recent years?

  2. How can multi-manager funds buy the same fund at a cheaper price than an adviser can?

  3. Why does John Moore care about the size of a fund?

  4. Does Fergus Shaw regard fund performance as unimportant in the initial assessment?

  5. Have US equity markets benefitted from low interest rates in recent years?

  6. What has Darius McDermott replaced bonds with in his portfolio?

Nearly There…

You have successfully answered all the questions correctly, well done!

You should now know…

  • Describe how multi-manager funds have performed
  • Explain how the traditional asset allocation methods have broken down
  • Describe how multi-manager funds are trying to solve the income conundrum

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