Multi-asset funds that invest directly in securities outperformed funds-of-funds over 10-year period, says Scope
Independent asset managers were the dominant players in Europe in the years following the financial crisis, capturing 90% of all inflows. However, this trend has reversed since 2014. In the past two years, asset managers owned by banks and insurance companies have recaptured market share, according to research by Cerulli, the asset management consultancy.
Alexandre Garrabou von Trotha heads up the fund-of-fund business of Banc Sabadell in Barcelona. In a video interview with EIE’s Tjibbe Hoekstra, he explains how he has dealt with the huge inflows into his fund-of-funds range. He also tells about the changing risk appetite of Spanish investors.
Jean-Charles de le Court tells EIE’s Dylan Emery how he goes about selecting managers for his ‘fund-of satellites’ strategy. He explains why he is not so much focused on volatility, but insists on managers who invest in their own funds.
Net new flows into Funds-of-Funds (FoFs) exceeded 40bn in 2013, the biggest inflow in recent years.