Adviser preferences have evolved. Over time, we’ve seen a clear shift away from building portfolios towards single multi-asset solutions – typically aligned to risk profiling tools. More recently, some firms have taken a more active role in shaping portfolios, either bringing investment design back in-house or working closely with external partners.
Whatever the approach, multi-asset funds now play a central role in client portfolios. Historically, PruFund has often been viewed as a specialist option, used in specific scenarios rather than as part of the core investment mix. But is that perception fair?
Verve have been commissioned by M&G to explore this idea. We’re an award-winning advice industry service
provider working with advisers of all shapes and sizes.
Verve is well-placed to provide an independent deep-dive that goes under the bonnet of PruFund to investigate its broader use case as a diversifying multi-asset fund that can, for example, offer retail investors a route to invest in private markets, with reduced drawdown and market concentration risk.
We have entered an era of heightened geopolitical and policy uncertainty that makes portfolio resilience an increasingly vital consideration and the timing of this report particularly apposite.
Asset allocators have growing cause to reflect on whether what worked in the past will work in the future.
Are some favoured multi-asset approaches, by nature of their passive market weight construction, now unduly tilted to certain markets and stocks?
These are increasingly pertinent questions for advisers to consider when allocating client money to risk assets.
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