Increasingly, many managed accounts solutions are incorporating managed funds to help with portfolio construction and diversification.

Building a well-balanced model portfolio still requires a thorough understanding of the basic founda­tions of multi-manager investing.

In this instalment of the managed accounts education series, we look at 'manager allocation' within equities and why it matters.

Read the article for the second part of our three-part adviser education video series.

For a deep dive on the topic, you can read the technical paper: Understanding Managed Accounts: Portfolio Construction authored by State Street Global Advisors.

CPD Points will be available at the completion of the series. You can find out more in the third instalment.