Diversified growth funds, popular multi-asset funds bought by many UK pension schemes, had one of their weakest-ever quarters for new inflows at the end of 2015, according to new data, following “poor performance” for many strategies last year.

The analytics firm Camradata, part of consulting firm Punter Southall, tracks 95 diversified growth funds worth £135.5 billion. It said inflows of new money had "slowed down" in the fourth quarter of 2015 to a net £1.3 billion; the second-worst quarter since Camradata began compiling its figures in 2013.