The multi-asset sector is a mess, writes Graham Bentley. Risk suffixes such as 'targeted', 'profiled', 'rated' and so on are so loosely applied to funds as to make them meaningless - and potentially misleading.
Only a minority of funds are managed to a volatility target - and even they are loath to state the targets in their objectives. As I suggested last time, most ‘risk-labelled' funds pay no more than a passing...
Two global vehicles
'Further plug advice gap'
Must appoint separate CEOs and boards
Advisers do come out well
Will report to Mark Till