A record number of IFAs are encouraging their clients to invest in multi asset products.
So says the latest Baring Asset Management Investment Barometer which shows that almost half (47%) of intermediaries questioned said that they encouraging their clients towards multi-asset products, mainly as a response to the current market volatility. This figure is up over a third from the last Barometer and the highest since 2011.
What’s more, 73% said they are currently either ‘very,’ or ‘quite’ favourable towards multi asset growth products. The figure is 68% for multi asset income products. And, a quarter of respondents expect retail investors to increase portfolio exposure to multi asset funds over the next 12 months by between 10-19%.
Head of Wholesale Distribution – EMEA, Baring Asset Management Rod Aldridge said: “Sentiment towards multi asset investment products, including ones focused on income, is clearly strong and we would expect this to continue as the benefits of a multi asset approach become ever more apparent – particularly in light of current market volatility.”