Advisers have often outsourced portfolio allocation to multi-asset managers, but how active are these multi-asset managers?
According to research undertaken by investment firm Hawskmoor, advisers have been shifting from single to multi-asset products for several reasons, including the ability to manage shifting market cycles via tactical changes in asset allocation.
Some advisers believe it is good to set clear parameters based on risk and suitability, after having carried out the full client fact-find and consultation, and then let the multi-asset fund manager make their own judgements as to asset allocation and let the portfolio run itself.
Others believe it is important for the multi-asset fund manager to make every effort to shelter the portfolio against any potential storm on the horizon.
But how active should a multi-asset fund be - and what are the costs or investment strategy risks involved?
This report will explore whether multi-asset managers are active enough, how advisers can interrogate a manager's approach to asset allocation, and ascertain how to compensate against style or sector drift within a portfolio.
The report qualifies for 30 minutes' worth of structured CPD.