Advisers swap high-yield bonds for multi-asset income, research

The firm found advisers were increasingly migrating to multi-asset income products because of their ability to "deliver a smoother journey" through diversification. They were also keen to be able to preserve capital when markets fall and to manage market cycles through tactical asset allocation. Of the 94 advisers surveyed in January, three-fifths (59%) said their ‘must-have' factor in income investments was the fund's ability to generate a stable monthly income. That was more than double those (28%) who cited total return as the ultimate factor. Heartwood multi-asset income invest...