Defaqto reveals top 10 recommended multi-asset investment solutions so far up to end of Q3 2024

Defaqto, one of the UK’s most trusted sources of product and financial market intelligence, has identified the top 10 most recommended multi-asset investment solutions by value in the year to Q3 quarter of 2024.

Surprisingly, the top 10 has remained exactly the same compared to Q2, although there have been some position changes within the top six positions, with three solutions moving up one place and three moving down one place.

The most notable mover is that of the HSBC Global Strategy Balanced fund, which has now moved up to No. 1, having continuously risen one place every quarter since the end of 2023. Vanguard LifeStrategy 80% Equity has fallen one place to No. 2. The second positive move to the upside is again within the HSBC stable, with HSBC Global Strategy Dynamic rising to third place, replacing Vanguard LifeStrategy 60% Equity which, like its stablemate, has slipped one place this quarter The final fix to move up a spot is the Artemis Monthly Distribution fund, which rose to fifth from sixth as it swapped places with the BNY Mellon Multi-Asset Balanced fund, which dropped one spot.

After that, the remaining four places from seventh to tenth have shown no change. Interestingly, at the top of the table, there is only the smallest of margins (0.01%) between first and second in terms of percentage share within the top 10. In terms of overall percentage of the top 10, HSBC is now the largest. with 30.38%, from 27.82% at the end of 2Q, while Vanguard has fallen to 29.93% from 36.15% at the end of 2Q. The only other provider represented twice is BNY Mellon, which saw its percentage share of top 10 recommendations drop slightly from 15.68% at the end of the second quarter to 14.54%.

The data is taken from Defaqto Engage, the adviser research software used by over 30% of advisers in the UK to help their clients make smarter financial decisions. It represents the most popular multi-asset investment solutions chosen via research software, by a cross-section of the UK financial adviser market.

Andy Parsons, Insight Manager (Funds and DFM) at Defaqto, commented:

“Multi-asset or MPS – the debate continues. For advisers, however, the answer is certainly that both can very easily co-exist and it very much depends on an individual client’s personal circumstances. And while there is a large amount of choice within the multi-asset market for advisors to choose from, the top 10 components have remained consistent, clearly indicating a preference for these within their investment propositions.”

Defaqto Engage consolidates all the information advisors need into one software solution, providing a comprehensive and comprehensive service. It gives advisors the power to model a client’s financial goals, capture risk profiles, conduct investment research and monitor client reviews, all from one place.

Powered by Defaqto data, including over 18,000 funds and 2,700 DFM MPS portfolios, platforms and products, Defaqto Engage is recognized by advisers as a trusted source of product and financial market intelligence. Recommendations of £50 billion a year go through the system.

More information about Defaqto Engage can be found at www.defaqto.com/solutions/engage