EUROPE - European multi-asset strategies grew nearly 30% to a record €848bn (US$1.1trn) in assets under management during 2009 due to investors' need for better risk diversification, a report from Cerulli Associates revealed.
Assets in these strategies totalled €658bn a year earlier. The research firm said investors tend to lean towards multi-asset class investing during market downturns because it allows investors t...
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