Ultimately, the choice of multi-asset fund will depend on the basic asset allocation and whether investors want income, capital growth or simple diversification.
“They can provide an all-in-one solution which, if investors have made a sensible initial decision, should at least stop them going too far wrong,” says Mr Connolly.
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Harriet Meyer is a freelance journalist
KEY FIGURES
£208m
Net retail sales of mixed-asset funds in September this year, making it the second best-selling asset class of the month
£449m
The peak of net retail sales for mixed-asset funds in the year to date, recorded in July 2015
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