Problems of being single

If there is only one lesson to be learned by both savers and professional fund managers from the pas...

If there is only one lesson to be learned by both savers and professional fund managers from the past few years, it should be that there is no single asset class that can always be relied upon to deliver consistent positive returns. So why then do single asset funds still overwhelmingly dominate the universe available to investors and the IMA classifications? The latest figures from S&P show almost 90% of unit trust/Oeic assets are in funds that invest solely in either equities or bonds. This may reflect the traditional modus operandi of the investment industry, offering a range of funds...