In another sign of the popularity of multi asset funds, Barings is to cease promoting its Dynamic Asset Allocation, Dynamic Growth and Multi Asset funds to new institutional clients, following a review of the strategy.

The UK asset management group stressed this was not a "soft close", but said it had conducted the review because its Sterling Multi-Asset Targeted Return business had now surpassed £9 billion, and it wanted to "keep capacity under review" as the collective funds in the strategy approached £10 billion.