No letup in multimanager growth seen

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Nearly all advisers who already use multimanager funds expect to continue or increase their reliance on such services in future, according to research published by Fidelity International.

Of the 163 advisers polled for the research, some 82% said they already use multimanager funds, and of those 98% expect to maintain or increase their use. A third of advisers in the research use multimanager funds for between 25%-50% of all business done. Just more than a fifth, 22%, again use multimanager for more than half the business they do. Those using multimanager also generally rely on more than a single provider: 94% of those polled said they use more than one provider, selecting them according to the criteria of, in order of importance, performance, risk-return profile and man...

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