3 Flexible Funds for Multi-Asset Investors

Investors’ hunt for yield has buoyed sentiment towards flexible and unconstrained funds - we look at some of the biggest, best performing and newest on the market

Francesco Paganelli 10 August, 2017 | 12:23AM

Best Performing

One of the best performing funds in the sector is the Investec Diversified Growth Fund earning a four star performance rating, with a three-year annualised performance of 9.76%. Despite the recent positive performance, Morningstar analysts only rate this fund as a Neutral.

Among diversified growth funds, Investec’s offering is one of the largest in the UK marketplace, with a lot of institutional money invested in it, and euro and US dollar SICAV versions as well as an Australian unit trust, says Randal Goldsmith. 

The UK retail fund was restructured in April 2012. Important milestones since then include the appointment of Michael Spinks as manager in the first half of 2013 and switching from the Investment Association’s Mixed Assets 40-85% Shares sector to Specialist in the middle of 2015. With the appointment of Spinks, the transition from traditional multiasset to a more flexible, ideas-driven approach was given further emphasis, drawing on his experience as co-manager of the Schroder Diversified Growth fund. 

Largest

Deutsche Invest I Multi Opportunities, with over €3 billion under management, was launched in June 2014, but Henning Potstada has been running the underlying strategy since January 2009 in an institutional fund. The fund is currently a Morningstar Prospect, a promising investment strategy that we believe may be worthy of greater investor attention but that is not yet covered by the Morningstar Manager Research team.

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Securities Mentioned in Article

Security NamePriceChange (%)Morningstar
Rating
Investec Diversified Gr A Acc119.32 GBP0.38
Kames Global Diversified Inc EUR B Inc9.30 EUR0.58

About Author

Francesco Paganelli  is a Fund Analyst for Morningstar in Italy

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