Revealed: Multi-managers' favourite funds and strategies in volatile Q1

Fixed income 'surprise winner'

Beth Brearley
clock • 2 min read

Managers of income-focused multi-manager funds raised their investment grade bond exposure in the first quarter of 2018, with the average weighting up by 2.9 percentage points to 19.7% - a four-year high.

Research from Harrington Cooper shows that bonds were "a surprise winner" during the three-month period, which saw gilt yields climb on the back of a sell-off in global bonds as investors grew bullish on the world economy and prepared for increasing inflationary pressures and tighter monetary policy.  In mid-February 10-year gilt yields peaked at 1.7% before falling back to 1.4% at the end of March. Allocations to investment grade bonds also reached a four-year high across balanced funds, rising by 1.4% to 12.8%, taking overall fixed income exposure higher.  Justin Urquhart Stewart...

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 Managed solutions

Multi-asset sentiment indicator: Positive view on UK equities

Multi-asset sentiment indicator: Positive view on UK equities

'UK equities remain cheap when compared to overseas'

Paul Ilott
clock 13 March 2024 • 5 min read
Insourcing is 'evolution not revolution' for advice firms

Insourcing is 'evolution not revolution' for advice firms

‘We see it as an elegant halfway house for both advisers and their clients’

Isabel Baxter
clock 05 March 2024 • 2 min read
Timeline portfolios go live on SS&C Hubwise platform

Timeline portfolios go live on SS&C Hubwise platform

Move to ‘drive down costs and improve results’ for advisers

Jenna Brown
clock 28 February 2024 • 1 min read