Never judge abook by its cover

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 ...