Fund of funds accounted for a record level of funds under management at the end of Q3 this year, according to the IMA, up 18% compared to the same quarter last year.
The Investment Management Association (IMA) has appointed the former director general of the AIC Daniel Godfrey to replace Richard Saunders as its chief executive.
The IMA's latest sales figures show investors are returning to risk assets, as net retail sales of equities outstripped fixed income funds for the first time in a year.
The bull run in UK mid caps could be coming to an end, with multi-managers starting to sell down top-performing funds in the sector and growth fears threatening consumer facing names.
Joanna Faith asks managers for their best global income stocks.