Data provider Defaqto has launched a guide to multi-asset, risk-bound fund families to help advisers understand and use them for clients where appropriate.

The FCA has told managers of 64 funds to make it “clearer” to consumers how constrained they are, it has been revealed.

Trading in funds has risen by over a third (35%) in the past year, an online provider has reported, with recent stock market volatility encouraging significant sales of some large funds exposed to failing firms.

The biggest equity fund flops of the past six months have been revealed, with Aberdeen topping the league of shame.