Often perceived as too expensive, funds of funds tend to be ignored by the majority of advisers, however, the true value of these products is found in their investment performance after charges
Buoyed by the explosion of open architecture, multi-manager products have seen a surge in popularity in recent years, with global annual growth rates of 18% set to continue. However, despite their recent success, funds of funds have been unable to shirk accusations that they are too costly because they double-charge the end investor with two layers of fees. In fact, of those advisers who do not sell multi-manager products, nearly half of them steer away based on their perception that they are simply too expensive. Consequently, a number of questions need to be answered. It is true that mu...
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