According to the latest Baring Asset Management Investment Barometer 47% of intermediaries have done so.
This was up from 36% in the last Barometer and the highest since the question was first asked in Q2 2013.
The latest Barings’ quarterly research, which canvasses investment sentiment from UK financial advisers, found that advisers’ preference for multi asset products remained very high:
• 73% of respondents said they are currently either ‘very’ or ‘quite’ favourable towards multi asset growth products
• 68% were either ‘very’ or ‘quite’ favourable towards multi asset income products.
This compares to 57% who said in Q1 2014 they were either ‘very’ or ‘quite’ favourable towards multi asset products generally and 67% in Q1 20135.
Barings’ research showed 36% of respondents believed their clients should increase exposure to multi asset growth products.
Only 5% believed they should decrease exposure. This compared to 25% who believed clients should increase exposure to developed market equities.
Rod Aldridge, head of wholesale distribution for EMEA, Baring Asset Management, said: “Sentiment towards multi asset investment products, including ones focused on income, is clearly strong and we would expect this to continue as the benefits of a multi asset approach become ever more apparent – particularly in light of current market volatility.”
This quarter’s research from Barings also found that a quarter (27%) of respondents expected retail investors to increase their portfolio exposure to multi asset funds over the next 12 months by between 10-19%. One in seven (15%) expected this to rise by more than 20%, while just 2% expect multi asset exposure to fall over this timeframe.