Flows into multi-asset products have been growing consistently in recent months, and multi-asset now constitutes 11% of the UK funds market.
Legal & General Investments has launched a range of five risk targeted multi-asset funds with an AMC of 0.25%, as it looks to benefit from the move by advisers to outsource fund selection.
More than 80% of advisers plan to increase their exposure to multi-asset funds based on the diversification and risk profiling opportunities offered.
Aviva Investors has split its multi-asset solutions portfolio management team into retail and institutional divisions in an effort to provide focused advice to each type of client.