Fidelity's Clougherty tips multi-asset funds for 'exponential' growth

Boom predicted after pandemic plunge

Mike Sheen
clock • 2 min read

The multi-asset fund market is set to grow "exponentially" in the coming years, driven by stronger demand from the adviser market, according to head of wholesale at Fidelity International John Clougherty.

Fidelity cut fees on its £1bn AUM, five-strong Multi-Asset Allocator range in May from 0.25% to 0.2%, with the firm wagering that it can compete with industry giants in attracting growing inflows to the sector.  "To compete with the likes of BlackRock and Vanguard, we decided we had to be aggressive on price," Clougherty told PA's sister title Investment Week.  "This is an area of the market that will grow exponentially. Advisers need low-cost, 'fire and forget' solutions for smaller clients or clients that do not want the full advice service." More than £22bn of assets languishing...

To continue reading this article...

Join Professional Adviser for free

  • 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

Join

 

Already a Professional Adviser member?

Login

More on Investment

Taking the rough with the smooth: How to navigate global market volatility

Taking the rough with the smooth: How to navigate global market volatility

'Like investing, smoothing isn't one-size-fits-all'

James Tothill
clock 13 June 2025 • 4 min read
Four key questions to guide informed investment decisions

Four key questions to guide informed investment decisions

Does the story make sense?

Gabriel Sacks
clock 12 June 2025 • 4 min read
Neil Woodford to charge up to £70 a month to access portfolio platform

Neil Woodford to charge up to £70 a month to access portfolio platform

W4.0 launches

Cristian Angeloni
clock 06 June 2025 • 2 min read