Asset Intelligence calls for IA multi-asset sector rethink amid 'embarrassing' performance data

Over £22bn of AUM held in underperforming funds

Lauren Mason
clock • 3 min read

More than £22bn of assets under management are being held in multi-asset funds that have languished in the third and fourth quartile over three, five and ten years, according to research from Asset Intelligence.

The white paper, The great multi-asset reset, found that more than 14% of £155bn held across the IA Mixed Investment 0-35%, 20-60% and 40-85% Shares sectors have consistently underperformed relative to their average peer over the past decade. What is more, one-fifth of all multi-asset funds in the sectors remained in the third or fourth quartile over consecutive five-year rolling periods between 2013 and 2020. "Multi-asset funds have not yet outgrown some embarrassing behavioural issues," author of the report Guy Shone said. "Designed to act as one-stop-shop investments that offer ...

To continue reading this article...

Join Professional Adviser

  • Unlimited access to real-time news, industry insights and market intelligence.
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters.
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection.
  • Members-only access to the editor’s weekly Friday commentary
 Be the first to hear about our events and awards programmes.



Already a Professional Adviser member?


More on Investment

Jupiter CEO Matthew Beesley

Jupiter cuts investment in unlisted assets for open-ended fund

Policy change following change in investor sentiment

Elliot Gulliver-Needham
clock 08 February 2023 • 1 min read
Robin Geffen (pictured) joined Liontrust in October 2019.

Robin Geffen to exit Liontrust amid global equity consolidation

Shift in strategic focus sees exit of Neptune founder

Valeria Martinez
clock 08 February 2023 • 1 min read
Royal Courts of Justice, London

FCA takes action against unauthorised director it alleges took £2.8m

Breach of restrictions around financial promotion also a concern

Hope William-Smith
clock 07 February 2023 • 1 min read