Multi-manager funds lead the way in Global Equity investing

Sector focus: Global Equity

Two problems become evident when dealing with funds in the Global Equity sector. One stems from the...

Two problems become evident when dealing with funds in the Global Equity sector. One stems from the becalmed state of the world's major markets, as the quiet summer period drags on, and the degree of uncertainty evident from most available analyses. The other is that most advisers tend not to give the sector more than a cursory glance. Unsurprisingly, the two factors are related and, in turn, lead to another feature of the sector: the preponderance of multi-manager funds. In more normal times - if that can actually mean anything in equity investing - it was a fair bet most of the funds i...