With so many asset classes unpredictable in nature, and somewhat intimidating for the novice investor, multi-asset funds are a way into the markets. They provide off the peg diversification, and allow the investor to take cautious steps, with a wider range of assets than the popular tech stocks may provide.

However, questions arise over what kind of performance they provide and whether they too have been adversely affected by rising interest rates.

In addition, some advisers are using passive funds to help with underperforming sectors, so that multi-asset funds can focus on areas where they can add value.

This guide is worth 60 minutes of CPD.