One thought on “Is multi-asset just a case of deja vu?”

  • Francis Klonowski says:

    This is a very interesting view, but multi-asset is not as recent a concept in the UK as you suggest. It was around 30 years ago when I first came into financial services – except in those days we called it a “managed fund”. As far as I can tell it had exactly the same asset-type mix, and a similar allocation. At my first firm [Legal & General direct sales] we weren’t allowed to use their individual funds to make up our own asset allocation : we could only use managed or with profit. So unless anyone can tell me different, all we have now is a very old concept with a fancy new name. Francis Klonowski, Klonowski & Co, Leeds

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