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Article: INVESTMENT MATTERS: The time is right.
- Article from:
- Money Marketing
- Article date:
- October 29, 2009
CopyrightCOPYRIGHT 2009 Centaur Communications Limited. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Multi-managed funds have been garnering more assets during the uncertain investing climate and the performance of many is cementing the argument in favour of outsourcing fund selection. As all asset classes have correlated, finding those fund managers who can add value was key to preserving returns last year and to achieving some of the highs of this year.
According to IMA statistics, total net retail sales of funds of funds rose to #1.2bn at the end of the second quarter, compared to #424m during the first quarter and #304m over the final quarter of 2008.
Cofunds figures also show increased strength in fund of funds sales in the third quarter, with ...