Fund of funds experienced record net retail sales figures last year. Gary Potter, co-head of Thames River Multi-Capital, explains why...
Multi-manager products are a phenomenal growth market and have proved themselves to be far from fad or fashion in the last ten years. Data from the IMA has revealed that as at Q3 2010, fund of funds products had experienced their highest net retail sales figures on record and accounted for nearly 10% of all funds under management, also a record high. As market volatility and concerns over the health of the international economy persist, the knock-on effect is a surprising lack of consistency from single managed funds in the UK retail space. Looking at fund data over three years to the...
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