Multi-managers have slashed their allocations to alternative UCITS funds in Q2 2019, according to Harrington Cooper's Proprietary Asset Allocation Tracker, which found cash holdings continued to grow on macro fears.
In a quarter that was dominated by news of an escalating trade war between the US and China and fears of an impending global recession, multi-managers stocked up on cash and fixed income products and sold stocks and alternatives. AIC sector revamp welcomed as alternative flows double Harrington Cooper's research tool tracked the allocation of 32 balanced risk multi-manager funds and 15 income-focused multi-manager funds, which account for total assets of £15bn, over the course of the three months to the end of June. The quarter saw multi-managers taking part in Harrington Cooper's ...
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