Hundreds of multi-asset funds are failing to gain traction among investors despite a concerted push into the space by asset managers, analysis shows.
Some of the largest multi-asset funds in the UK retail space have seen performance slump in recent months after they struggled to navigate a difficult summer.
Flows into multi-asset products have been growing consistently in recent months, and multi-asset now constitutes 11% of the UK funds market.
Darwin Investment Managers has launched a model portfolio service comprising three funds managed by multi-asset veteran David Jane.
Standard Life is in discussions to acquire the private client business of Newton Investment Management for up to £90m, according to a report.