Sector report: Mastering fund selection in the 40-85% Shares sector

According to the Investment Management Association's definition, funds in the Mixed Investment 40-85% Shares sector are required to hold a range of different asset classes. However, there is scope for them to have a high proportion in company shares. Generally, the funds are managed from a global perspective, with most managers holding a core weighting in UK equities and fixed interest.  The main premise behind a managed or multi-asset fund is to effectively delegate the overall asset and geographical allocation to a fund management group with the expertise to manage it, within a stru...