Real Adviser Forum 2006

So what happens next? Despite still being in its infancy in comparison with long-only funds, multi-manager is a revolutionary new product not only on a national stage, but also a global one, says Simon Ellis, managing director of multi-manager business at Fidelity International. He backs his view with the statistic that the growth in global funds of funds is forecast to be 18% a year from 1999 to 2009. "This compares with the standard mutual fund industry, which is growing at 5% a year," he adds. "Meanwhile, I'd argue the insurance industry isn't growing at all." While multi-manager has ...