Multi-asset fixed income strategies – funds that invest in a mixture of debt and credit instruments – are predicted to see their assets swell to £150 billion globally by 2018, a report has found, mimicking the growth in the size of diversified growth funds in recent years.

Research by Punter Southall Investment Consulting has found that multi-asset fixed income strategies globally have doubled in size over the last three years, rising from £48 billion in 2012 to stand at £96 billion as of June 30 2015.