Underperforming multi-asset funds 'a mug's game' - Betafolio report

The research, The Multi-Asset Fund Report 2021, looked at 94 fund families, consisting of 420 multi-asset funds. Collectively, the funds studied hold almost £190bn of client money. "The clear takeaway from this latest report is that it's time for advisers using multi-asset funds to reassess their proposition to ensure their recommendations are in the client's best interest," Betafolio said. Betafolio's study suggested that, with very few exceptions, rather than adding value through their asset allocation and fund selection, most multi-asset fund managers detracted value. Multi-asset f...