Half of advisers to use MM more in '08

The Resolution Asset Management and Simply Biz survey of 122 advisers suggests 50% plan to pour more money into MM funds, while just 4% expect a drop this year. Of those planning to boost MM exposure, nearly half expect a 10-20% increase while one in five predict a 21-30% rise. Advisers highlighted diversification of manager as the most important reason to use MM funds (36%) and diversification of asset class was another major factor (32%). More than two thirds of respondents revealed cost considerations have an impact on allocation decisions. “Multi-manager funds are forming an increas...