MULTI-manager funds are used as core holdings by 38pc of IFAs who use the products, according to a new survey by Fidelity International.
Nearly half of advisers (47pc) use multi-manager funds for all clients where suitable, while over a third (38pc) advocate using multi-manager funds as a core holding, with specialist funds as satellites. The survey found the majority of advisers who responded (82pc) use multi-manager funds, with nearly all of those who do (98pc) expecting the extent to which they use the funds to either continue or increase. Almost a third (33pc) of advisers use multi-manager funds for a quarter to half of the business they do, while nearly a quarter (22pc) use multi-manager funds for more than half o...
To continue reading this article...
Join Professional Adviser for free
Signup and gain exclusive members-only insights
- 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
