A survey of IFA investment recommendations commissioned by JPMorgan Fleming has found that growth fu...
A survey of IFA investment recommendations commissioned by JPMorgan Fleming has found that growth funds continue to be the most attractive single asset class despite the poor returns such funds have made in the worst bear market since the 1930s.
However, the survey has also found that equity income funds and bonds together make up 37% of investments currently being recommended..
"It is interesting that advisers are committing on average 37% of a portfolio to bonds and equity income, suggesting that the income derived from these investments is still considered a vital part of an investor's total return," says Thryth Hillary, JPMF strategic marketing manager.
The survey, which was conducted by IFAonline on behalf of JPMF, found that average asset allocation broke down as follows:
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