Morningstar boosts cash to 30% in multi-asset fund
Morningstar Investment Management has substantially raised the cash levels in its Real Return multi-asset range as it braces for interest rate normalisation and higher volatility.
Multi Asset
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BMO GAM unveils active range with 29bps OCF
BMO Global Asset Management has unveiled a line of low-cost multi-asset portfolios (MAP), with an ongoing charges figure (OCF) capped at 29 basis points.
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PA ANALYSIS: Multi-asset in spotlight after damning research
You are more likely to be “hit by lightning” than see returns that beat inflation and cash from a multi-asset fund, according to fresh research raising the debate into cost effectiveness once again.
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Blackstone’s Wein’s 10 surprise predictions for 2016
China debt-to-GDP balloons, the US economy falters, the euro soars, oil remains around $30? Byron Wien has released his 31st annual list of ten surprise predictions for 2016.
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Be wary of multiasset funds Fundhouse
Most multi-asset funds need to offer an income yield around the 5% level to be competitive, says rating agency, Fundhouse, but this is increasingly tough to deliver.