Multi-manager  

Multi-asset inflows pour into active investments

Multi-asset inflows pour into active investments

Multi-asset funds are going against the grain in the shift towards passive strategies after the sector saw large inflows into active investments last year, according to Morningstar data.

The figures from Morningstar’s Annual Global Asset Flows Report show that allocation funds saw inflows of $171bn (£120bn), overtaking fixed income to become the category with the second-largest flows.

According to Morningstar, this suggests investors believe active managers are better at tactical asset allocation than selecting individual securities.

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katherine.denham@ft.com