As reported in FTAdviser, the fund has also lagged its sector in terms of performance over the past three years.
Costs
According to Ben Willis, senior investment manager for Whitechurch Securities, there is still a big question mark hanging over costs and charges.
"Costs are now a key focus for advisers and investors," he comments. "Historically, multi-asset funds have been at the higher end. With the advent of the Markets in Financial Instruments Directive II (Mifid II), and the requirement to display transaction costs on top of the ongoing charge (OCF), some of the costs involved in running these funds will come as a shock.
"In light of that, I think multi-asset funds will move to passive exposures, whether exchange-traded funds or smart beta products in order to keep overall costs down and to remain competitive."
simoney.kyriakou@ft.com
