Multi-assets attracting less client money compared to MPS

Its Multi-Asset Distribution Dynamics report released today (6 June) found that multi-asset funds only attract 25% of new client money, while discretionary MPS and 'build your own portfolios' attract the largest share of new client money, at 31% and 30% respectively. Meanwhile, nearly half (48%) of advisers blend multi-asset funds and MPS in client portfolios. The report also found that 79% use discretionary MPS also use multi-asset funds, the most common combination. A head of sales for a discretionary fund manager said in the report that his firm's recent decision to launch multi...