With a frustrating lack of clarity spooking markets, many investors and asset managers can be forgiven for taking the safe option and heading for cover in 2012.
Solutions to the eurozone crisis are no closer to being found and investors appear to be at the mercy of politicians. In a nutshell, many sovereign nations face huge challenges in an environment where growth is drying up.
With investors favouring safe havens such as government bonds in the likes of the US and the UK, yields have been driven to low levels.
In our cover feature, Cherry Reynard looks at the approach that multi-managers and multi-asset managers should take in this environment and asks whether it is time to take on more risk in portfolios as the valuation gap between safe and risky assets becomes too great to ignore.
Investec managing director of UK client group David Aird tells us why the traditional fund of funds model may die as cost pressures hit hard in the wake of RDR.
Baring Asset Management head of marketing and communications Ian Pascal explains how a multi-asset structure can help protect investors who are uneasy about tapping into the emerging markets story.
Charles Stanley Direct head of investment research Ben Yearsley talks us through what multi-asset funds need to do to raise their own profile among investors, while Aberdeen Asset Management co-head of multi-manager funds Aidan Kearney explains why investors must be careful of short-term trading.
We also look at some of the boutique offerings in the multi-asset space and how they are approaching a difficult market for investors.
If you have any views on the multi-manager/multi-asset market, please contact me at email@example.com.