It begins with the basic doctrine of diversification: choosing a basket of non-correlating assets to make up a sensible investment strategy that should weather market storms.
The popularity of such funds has grown in recent years, with a significant number of fund launches. But they do not always offer the same thing; there are several mixed investment sectors and multi-asset funds can fall into any one of them.
In the Multi-asset Special Report, we look at the breakdown of multi-asset funds: what is in them? How do the approaches of fund managers differ? The catch-all term provides a neat catchphrase but, as we discover, it can mean many things to many men.