Multi-asset funds: Who is winning the battle for investors' money?

Data from Morningstar shows just 8% of the 470 funds in the four main IMA Mixed Asset sectors have managed to take in £50m or more so far in 2013. The figures highlight how the raft of multi-asset launches seen in recent years has failed to withstand a trend towards increasingly polarised fund flows. This struggle to gain traction for many funds comes despite net retail inflows into the four main IMA mixed asset sectors topping £3.6bn in the first ten months of 2013. The success of Standard Life Investments' GARS fund has prompted a rush by peers to launch other multi-asset vehicle...