Jupiter warns advisers against 'big problem' of products that 'over diversify'

Changes in regulation - which mean advisers have to focus more on robust and repeatable outcomes - have seen the rise of model portfolios which advisers can use to allocate a client's assets according to risk and volatility. At the same time modern portfolio theory states that it's possible to construct an "efficient frontier" of optimal portfolios offering the maximum possible expected return for a given level of risk. However Jupiter Unit Trust Managers director of strategic alliances Neil Carter warned delegates at an event in London this morning against modern portfolio asset allo...