View more on these topics

Popularity of multi-manager funds soars

Multi-manager funds have soared in popularity over the past 18 months, with sales more than trebling between 1999 and 2000, according to research from Cerulli Associates.

The figures show UK retail fund of fund sales have risen by almost 290 per cent between 1999 and 2000 to £331m from £85m.

The biggest growth has been in the active managed sector, which saw fund of funds sales grow by more than 12 times in 2000.

Sales also look set to reach new heights again this year, with £212m already sold in the first five months.

The surge in popularity has been met with a barrage of new entrants into the multi-manager market this year.

Jupiter and Credit Suisse Asset Management both launched new funds of funds services this summer while Solus is set to start a multi-manager service in the autumn.

Credit Suisse Asset Management director Robert Burdett believes the industry&#39s growth is down to two main reasons.

He says: “People like Fidelity and Royal & Sun Alliance have aggressively been promoting their in-house fund of funds – which have performed very well.

“On the independent side, there has been a succession of regulatory changes that have caused an increasing amount of financial advisers to give up selecting funds themselves. Companies such as Rothschild and now Credit Suisse have moved in to fill that gap.”


IFAs put their trust in paper

IFAs are turning their backs on electronically created compliance documents and data storage systems in favour of paper files at a time when compliance burdens are set to increase.Only 4 per cent of IFAs create their main compliance documents exclusively through an automated computer system, with only 2 per cent storing all their compliance documents […]

Scottish Life appoints Birmingham area manager

Scottish Life is appointing Colin Hanlon as area sales manager at its Birmingham branch.Hanlon was most recently a regional manager at Norwich Union and previously area sales manager at Britannia Life.At Scottish Life Hanlon will be responsible for managing a sales team of 11 plus support staff as well as raising the profile of the […]

B&W runs with bond duo

Bristol & West&#39s balanced guaranteed equity bond allows investors to put their investment in a stockmarket-linked bond or to split it between the bond and a one-year fixed rate high interest account.The guaranteed equity bond element tracks three stockmarket indices — the FTSE 100, Eurostoxx 50 and Nikkei 225 over a six-year term. It guarantees […]

House price swings to be less volatile in future says CML

The UK housing market will experience less dramatic swings in the future, according to new research from the Council of Mortgage Lenders.The research suggests the market is likely to be less turbulent as volatility in incomes and interest rates are likely to have less of a pronounced effect,Director general Michael Coogan says: “House prices are […]

How to balance bottom-up with top-down research in constructing multi-asset credit portfolios

In this short video, Azhar Hussain, head of global high yield at Royal London Asset Management, explains how his team balance bottom-up with top-down research in constructing multi-asset credit portfolios. Watch the video in full The value of investments and the income from them is not guaranteed and may go down as well as up […]


News and expert analysis straight to your inbox

Sign up


    Leave a comment


    Why register with Money Marketing ?

    Providing trusted insight for professional advisers.  Since 1985 Money Marketing has helped promote and analyse the financial adviser community in the UK and continues to be the trusted industry brand for independent insight and advice.

    News & analysis delivered directly to your inbox
    Register today to receive our range of news alerts including daily and weekly briefings

    Money Marketing Events
    Be the first to hear about our industry leading conferences, awards, roundtables and more.

    Research and insight
    Take part in and see the results of Money Marketing's flagship investigations into industry trends.

    Have your say
    Only registered users can post comments. As the voice of the adviser community, our content generates robust debate. Sign up today and make your voice heard.

    Register now

    Having problems?

    Contact us on +44 (0)20 7292 3712

    Lines are open Monday to Friday 9:00am -5.00pm