Global money managers are looking to bolster their multiasset and diversified growth funds expertise in a bid to capture increased interest in the asset class and an anticipated boost to allocations from defined contribution plans.
This year alone, money managers including AXA Investment Managers, BlackRock Inc. and Baring Asset Management have launched or continued to expand their multiasset strategies, while Schroders PLC, Investec Asset Management, Neuberger Berman and BNP Paribas Investment Partners have been adding individuals to their multiasset teams.
Global data show these managers are onto something: Institutional net inflows into eVestment LLC's All Multi-Asset Universe totaled $6.4 billion for the quarter ended Dec. 31, compared with $4.2 billion for the same period three years earlier and $3.3 billion for the fourth quarter of 2007.
Total assets under management in the All Multi-Asset Universe was $773 billion at year-end 2013, up 83% from the $422 billion as of Dec. 31, 2010.