More than £22bn of assets languishing in underperforming multi-asset funds

Figures also show "an extreme home bias"

Pedro Gonçalves
clock • 3 min read
Asset Intelligence has found that funds with £22.1bn of assets are serial underperformers
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Asset Intelligence has found that funds with £22.1bn of assets are serial underperformers

Over £22bn is currently languishing in multi-asset funds which have underperformed their peers consistently over the last decade, according to research from Asset Intelligence.

Multi-asset funds have grown substantially in the past decade, with a total of £178bn now invested across the main mixed investment sectors. However, analysing consistent long-term underperformance - defined by third or fourth quartile performance over three, five and ten years - the research shows that funds with a total of £22.1bn of assets are serial underperformers. In total, more than 14% of the £155bn invested across the three IA Mixed Investment sectors (0-35%, 20-60% and 40-85% shares categories) have been consistently third or fourth quartile over the three time periods. F...

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