Almost 90 per cent of distributors in Europe have clients invested in multi-manager products at an average of 32 per cent of their client base, according to Fidelity International.
The inaugural Fidelity European Multi-Manager Report shows 100 per cent of distributors in Austria report having clients invested in multi-manager funds, followed by France at 95 per cent, while Spain has the lowest adoption rate of multi-manager funds with 75 per cent.
The strongest support is from retail banking with 88 per cent, followed by asset managers who report 81 per cent of their clients are invested in multi-manager funds.
Fidelity International MultiManager Business managing director Simon Ellis says in recent years, the popularity of multi-manager funds has exploded.
He says: “The fact that there is such overwhelming support for multi-manager funds across both the various countries and different distribution channels we questioned is an unmistakable signal of future growth. Distributors and their clients have clearly grasped the benefits and advantages of using multi-manager with both hands.
“We believe this survey provides a robust snapshot of the multi-manager investment landscape across Europe today.”