multi asset funds more on the adventurous side?

eastmidsaver

hi, i am just wondering if there is any multi asset funds more on the adventurous side - but still with reasonable charges.
i know the 40 - 85% sector is the riskier option for multi asset,  but is there any that maybe has higher equity, and slightly larger allocation to small caps.
thanks.

ColdIron

Does it have to be multi asset? Anything that tracks the FTSE Global All Cap Index would seem to tick your boxes, high equity, mid caps and small (ish) caps

https://www.vanguardinvestor.co.uk/investments/vanguard-ftse-global-all-cap-index-fund-gbp-acc

eskbanker

https://monevator.com/passive-fund-of-funds-the-rivals/ is the usually-quoted comparison between the leading multi-asset product ranges, although is a couple of years out of date and omits Blackrock's MyMap for example - in general they all offer a spectrum of risk within each range so you can choose where you fit along the scale.

That table mentions small caps against Fidelity and L&G but much will depend on what you consider to be a "slightly larger allocation to small caps", so best see that analysis as a jumping-off point for further research rather than a definitive position....

grumiofoundation

Have you looked at all the riskiest (highest equity) options from the oft mentioned multi assets funds (see monevator link provided above)? 

Legal and general multi asset 7, from factsheet 88% equities, of which 6.5% small cap. 

HSBC adventurous 87% equity. 

(Edit - haven’t looked at more than these s sure there are other >80% equity options).

As also said above at that equity % a global tracker starts to seem a comparable option. 

eastmidsaver

thanks for your suggestions,  i will take a look into them.

quirkydeptless

Baillie Gifford Managed seems to prefer to be closer to the 85% end of its Mixed Investment 40-85% Shares allocation and is relatively cheap for an actively managed fund.

https://www.hl.co.uk/funds/fund-discounts,-prices--and--factsheets/search-results/b/baillie-gifford-managed-class-b-accumulation

El_Torro

Why not just use two funds? A multi asset fund of your choice and some money in a global small caps fund.

Cus

Is a global equity tracker similar to a high equity percentage multi asset fund? 
Wouldn't you expect some active decision making in the multi asset fund, not just tracking?

tebbins

Cus said:

Is a global equity tracker similar to a high equity percentage multi asset fund? 
Wouldn't you expect some active decision making in the multi asset fund, not just tracking?

There are multi asset funds that hold active funds such as BlackRock MyMap, and a range of multi asset funds that hold index funds, however the ratio these funds are held in, whether to include inflation-linked bonds, property, REITs, private equity, cash, commodities, investment companies, emerging markets, corporate bonds, junk bonds etc. is arguably an active decision that the fund house offering the multi-asset fund takes. For example Vanguard Lifestrategy only holds equity and bonds in fixed ratios (20/80, 40/60 etc). Whereas HSBC Global Strategy also holds index funds but actively changes its holdings within its risk tolerance - last year I think it was 67% equity, now it is 59%.
The relative merits of one over the other are up for debate.

eastmidsaver

hi there,  again thanks for the response which i will consider.    the response above about holding a small cap fund alongside could be an option,  and just thinking if i do that option, whether to go with the a small cap tracker,  or go with an active fund.  i think it is a sector maybe where active seems to outperform more regularly than the index?  however, they charge much higher fees too.

El_Torro

eastmidsaver said:

hi there,  again thanks for the response which i will consider.    the response above about holding a small cap fund alongside could be an option,  and just thinking if i do that option, whether to go with the a small cap tracker,  or go with an active fund.  i think it is a sector maybe where active seems to outperform more regularly than the index?  however, they charge much higher fees too.

My small cap holding is in an active fund, it's the only active fund I own. 

Yes, the fees are a lot higher, but if the over performance pays the higher fees and more then I think it's a cost worth having. 

Of course no one knows if active small cap funds will outperform trackers in the future.