Portfolio Adviser: PA ANALYSIS - Multi-asset in spotlight after damning research
Gavin Haynes, managing director at Whitechurch Securities, argues a passive portfolio is “bound to look good” after years of rising bond prices and stockmarkets.
He reverts back to the value-add argument in support of the sector, saying: “In a more challenging environment multi-asset managers who can add value through shrewd stock pickers and a more diversified asset allocation than beta strategies will earn their fees.”
Full article available at Portfolio Adviser: PA ANALYSIS: Multi-asset in spotlight after damning research
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