Multi-asset launches outnumber MPS for first time since 2019

Defaqto research on MPS market

Isabel Baxter
clock • 1 min read

Multi-asset fund launches outnumbered new model portfolio service (MPS) launches for the first time since 2019, Defaqto research has found.

The second edition of Defaqto In Focus: MPS found that in 2025 and into 2026, multi-asset fund launches outnumbered MPS portfolio launches for the first time since 2019.  Credit: Defaqto On adviser platforms, multi-asset funds still hold around 60% of the total combined assets of both multi-asset and MPS. The research comes as the Financial Conduct Authority reviews the MPS market, looking at how firms are applying Consumer Duty to deliver good outcomes for clients. With 129 discretionary fund managers and 2,246 MPS portfolios available on adviser platforms, Defaqto said the...

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Isabel Baxter
Author spotlight

Isabel Baxter

News editor at Professional Adviser

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