Two exchange-traded funds (ETFs) have entered the list of the most commonly-held funds by multi-managers for the first time, as investors attempt to navigate uncertain market conditions, according to quarterly research from fund distributor Harrington Cooper.
The proprietary research tool tracks the asset allocation of 32 balanced multi-manager funds and model portfolios, with assets totalling £10.8bn. It also monitors the allocations of 16 income-focused multi-manager funds, accounting for total assets of £5.6bn. Harrington Cooper said there was "significant turnover" in the list of the ten most-commonly held funds in Q2, with two ETFs appearing at the top of the list for the first time. Multi-managers up bond exposure and reduce equities in Q1 These were the $4.9bn iShares EM Local Government Bond (Local Currency) ETF and the $4.6b...
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