Defaqto has published its top 10 recommended multi-asset investment solutions by value, year to date to the end of Q3 2024.
Surprisingly, the data firm says, the top 10 has remained exactly the same compared with Q2, ”albeit there have been some positional changes within the top six positions, with three solutions climbing up a place and three dropping a place”.
The most notable movement is that of the HSBC Global Strategy Balanced fund which is top, having continually moved up a place every quarter since the end of 2023. Dropping a place to second is the Vanguard LifeStrategy 80% Equity. The second positive move upwards is again from within the HSBC stable, with HSBC Global Strategy Dynamic rising to third place, replacing the Vanguard LifeStrategy 60% Equity which like its stablemate has dropped a place this quarter. The final solution to climb a place is the Artemis Monthly Distribution fund, rising to fifth from sixth as it changed places with the BNY Mellon Multi-Asset Balanced fund which dropped a place.
Thereafter, the four remaining places from seventh to tenth have shown no change.
Defaqto points to the fact that at the very top of the table, there is only the smallest of margins (.01%) between first and second in terms of percentage share within the top 10.
Regarding overall percentage share of the top 10, HSBC is now the largest with 30.38%, up from 27.82% at the end of Q2, whilst Vanguard has fallen to 29.93% from 36.15% at the end of Q2.
The only other provider represented twice is BNY Mellon who have seen their percentage share of the top 10 recommendations fall slightly from 15.68% at the end of Q2 to 14.54%.
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