Unsure of where to bet? Try asset allocator fund of funds

When the markets are at an all-time high, confused investors can opt for the asset allocator fund of funds (FoF). Fund managers in such a scheme typically invest in a mix of equity, debt and gold depending on the house view on valuations and attractiveness of asset classes. Within an asset class, allocation is made to the fund house’s schemes that the fund manager finds attractive. Wealth managers believe the most important key to successful