Just as multi-asset funds puzzle out where to place their assets in a challenging market, they are also puzzling out how to get their message across.
The world seems to be turned upside-down right now. A gimlet-eyed teenager looks more focused and mature than the septuagenarian US president.
Michael Gruener, BlackRock’s head of Emea Wealth, tells Mark Latham about ‘Schumpeter’s gale’ and the European ambitions of the world’s largest asset manager.
In the past, games were played with sticks and stones; today games have evolved to bits and bytes. Since icons like Atari introduced the first videogames, a multibillion industry has emerged.
Erratic multi-asset flows signal how investors struggle with unusual markets and the promises of diversification. To prosper, these funds must explain themselves better, finds Fiona Rintoul.
No-one genuinely expects multi-asset funds to keep up with equities in strong bull markets, our panel is told. So don’t give up on diversification.
For many investors, diversification is a characteristic near the top of their portfolio wishlist. And rightly so. Until recently, though, small-scale investors were limited in how they went about achieving it.
Global trade disputes underpin how multi-asset funds are positioning themselves between equities and bonds, finds Alex Rolandi.
