Aiming to reduce MPS costs by £3m a year
Architas has mapped its funds on the Morningstar Adviser Workstation risk profiling-scale.
Standard Life Investments has this morning exapanded its move into the multimanager market with the launch of seven manager of manager funds inside its sigma mutual fund suite.
Barclays is in the process of moving some £4.5bn in assets to a manager of manager proposition.
Multimanager products began to gain momentum three years ago as a new concept of diversification in retail consumer investment.
The biggest criticism of investing in multi-manager funds has been that they systematically underperform their relevant benchmarks.
Development of the ‘multi manager' investment concept has presented IFAs with an entry into portfolio management, which both the adviser and client might otherwise not have been able to afford.
Multimanager investments take two broad approaches: fund of funds (fof), and manager of managers (mom).
Do you really know how a fund of funds or manager of managers investment works, how to compare funds TERs and performance, and when such investments might best suit your clients?