Two-thirds of advisers expect demand for 'smoothed' multi-asset to grow

The insurer found 37% of advisers expected the sector to grow more quickly over the next two years, while 33% predict it will maintain the current pace of expansion. About one in five thought expansion would slow and 1% expected a decline. The research was conducted in October 2016, among 109 financial advisers nationwide. 'Smoothing' involves holding back returns when markets outperform in order to cushion the blow in the event of a downturn. The practice aims to ensure investors see a consistent level of returns despite turbulent market conditions.  Prudential investment expert Paul...