Global multi-asset and diverse mandates most sought-after

SearchGlobal multi-asset and more diverse mandates, including alternative assets and diversified growth funds, have featured high on the list of desired investments last year.

Manager search activity has been buoyant and consultancy Mercer says investors are increasingly seeking to allocate away from traditional equity and fixed income mandates.

Its 2013 Global manager search trends report, which is based on activity among Mercer’s global client base, finds that global multi-asset mandate searches have increased, particularly in the UK and the US.

Deb Clarke, global head of investment research at Mercer, says there has also been considerable interest in alternative fixed income growth opportunities. Buy-and-maintain credit, for example, is to become the second-highest mandate overall in terms of assets placed.

The total number of searches among multi-asset mandates increased by a third over the year.

Global and world excluding US categories were popular mandates within the equity category, while emerging markets equity searches hardly changed.

Overall, Mercer says global search activity last year ran at similar levels to a year earlier, although there was a notable increase in the value of assets placed.

Across Asia, in Europe excluding UK, and the UK, search activity increased. Although in Australasia and North America the number of searches decreased, the value of total assets placed increased.

Mercer undertook a total of 760 searches in last year, down from 776.

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