While there is a tendency to treat manager of manager and fund of fund products as one and the same, the latter has to focus on a UK retail offering and thereby look at a narrow subset of the total fund universe
Within the investment management industry, multi-manager is the new must-have product. Every few weeks, a new product launch is announced, or so it seems, and with this has come a sharp expansion in the number of column inches devoted to the subject within the specialist press. Despite this, the quality of analysis of multi-manager offerings remains thin. In particular, there is a tendency to treat manager of managers and fund of funds products as one and the same. This can lead to misunderstanding because, although they share many similar features, there are sufficient differences b...
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