The beauty and the bad of multi asset funds

The beauty and the bad of multi asset funds

3′ readingwith multi asset funds who really earns it? Moreover, it is not immediately identifiable their nature because behind the multi asset label there is a potpourri of flexible solutions: from stock funds to balances, from coupon funds and more moderate ones. The Identikitare common investment funds of Italian law or Luxembourg sicav compartments (also unit linked policies) investing in more than one active class (actions, bonds, currencies, raw materials, illiquid alternative investments such as real estate).

“In the first place the costs that are duplicated compared to a diversification on multi- managers that have the same objective, i.e. To ensure to exploit the potential of the different asset classes in difficult market contexts – stresses saverio choose, founder of sim -. In multi- asset funds, the customer goes to meet management and performance commissions of the asset manager that packs the product, as well as those (management and performance) of the underlying assets that are often funds of the same house.

In the case of Luxembourg sicav some implicit costs are not declared, although in mifid period there exists a warning to transparency on all costs towards the customer”. The elements in favourthe highest cost can be justified if it guarantees performance and greater product quality. But the balanced janus henderson bottom with similar characteristics and less expensive brought home a 9% return.

Passages, these, to which the little saver hardly arrives alone.