Multi-asset
We offer a broad suite of actively managed multi-asset solutions, spanning dynamic, balanced and outcome-oriented strategies.¹
Why multi-asset investing?
Capital upside potential
Multi-asset strategies can often dynamically allocate across asset classes – based on market conditions – to capture upside potential while managing downside risks.
Flexibility
With the freedom to invest across asset classes, sectors and regions, multi-asset strategies can help investors to achieve a number of potential goals such as income or absolute returns.
Diversification benefits
Multi-asset strategies can enhance portfolio diversification by investing in different assets with different risk profiles and return correlations. This may help to reduce volatility and smooth overall portfolio returns.
Featured strategies
Global optimal income
Combining asset classes to seek capital growth in any market condition.
Learn moreOur range of multi-asset solutions
Designed to deliver steady, risk-adjusted returns through different market conditions, we provide actively managed multi-asset solutions across our Dynamic Multi-Asset, Balanced Solutions and Outcome-oriented Multi-Asset (covering growth, income, and preservation) ranges. Our Dynamic Multi-Asset strategies employ a Tactical Asset Allocation (TAA) approach to capture sources of enhanced returns, while our Balanced Solutions take a longer-term approach driven by a Strategic Asset Allocation (SAA) framework.
Dynamic multi-asset
Balanced solutions
Outcome-oriented multi-asset
Discover our strategies
We are progressively merging and streamlining our legal entities to create a unified structure, bringing together all our asset management activities under a single brand. This means, for now, you will see BNPP AM related featured strategies and AXA IM related featured strategies.
Team and resources
Based in Brussels, Paris, and London, our collective team of dedicated portfolio managers² combine top-down macro views and bottom-up fundamental insights with valuation analysis and a multi-tiered risk approach to inform their investment decisions. ESG considerations³ and BNP Paribas Asset Management’s proprietary ESG scoring methodology are fully integrated into our investment analysis and form an integral part of our multi-asset investment processes.
While they have access to a proprietary framework combining quantitative information on macroeconomics, valuation, sentiment and technical factors (MVST), team members of our multi-asset franchise also benefit from access to company-wide resources. They include our global trading and risk management platform, dedicated Sustainability Centre, Quantitative Research Group, and Macro Research team.
Managed in multi-asset strategies⁴
Uniting expertise across Europe⁶
Get in touch
Got a question? Our team is happy to help
[1,2,5,6] BNP Paribas Asset Management as of 30 September 2025. AXA Investment Managers integrated. Rounding to the nearest whole number.
[3] ESG: Environmental, Social, Governance. ESG assessments are based on BNP Paribas Asset Management’s proprietary sustainable investment methodology, which integrates all three aspects of E, S and G.
[4] BNP Paribas Asset Management as of 30 September 2025. Advisory to external clients and Joint Ventures included in AUM. AXA Investment Managers integrated as of 30 September 2025. Rounding to the nearest whole number.
Important information
Marketing communication. For professional investors only.
Past performance or achievement is not indicative of current or future performance. Performance is calculated net of fees unless otherwise stated.
Any views expressed here are those of the author as of the date of publication, based on available information, and subject to change without notice. This material does not constitute investment advice.
Investments are subject to market fluctuations and the risks inherent in investments in securities. The value of investments and the income they generate may go down as well as up and it is possible that investors will not recover their initial investment. There is no guarantee that the performance objective will be achieved.
Multi-asset sub-funds may be exposed to other risks defined below:
MARKET RISK: This is a general risk that affects all investments. Price for financial instruments are mainly determined by the financial markets and by the economic development of the issuers, who are themselves affected by the overall situation of the global economy and by the economic and political conditions prevailing in each relevant country
EQUITY RISK: The risks associated with investments in equity (and similar instruments) include significant fluctuations in prices, negative information about the issuer or market and the subordination of a company’s shares to its bonds. Moreover, these fluctuations are often amplified in the short term. the risk that one or more companies suffer a downturn or fail to grow can have a negative impact on the performance of the overall portfolio at a given time. There is no guarantee that investors will see an appreciation in value. The value of investments and the income they generate may go down as well as up and it is possible that investors will not recover their initial investment.
CREDIT RISK: This risk relates to the ability of an issuer to honour its commitments: downgrades of an issue or issuer rating may lead to a drop in the value of bonds in which the sub-fund has invested.
LIQUIDITY RISK: This risk arises from the difficulty of selling an asset at a fair market price and at a desired time due to a lack of buyers.
COUNTERPARTY RISK: This risk is associated with the ability of a counterparty in a financial transaction to fulfil its commitments like payment, delivery and reimbursement.
OPERATIONAL AND CUSTODY RISK: Some markets are less regulated than most of the international markets; hence, the services related to custody and liquidation for the strategy in such markets could be more risky.
DERIVATIVES RISK: When investing in over-the-counter or listed derivatives, the fund aims to hedge and/or to leverage the yield of its position. The attention of the investor is drawn to the fact that leverage increases the volatility of the sub-fund.
CAPITAL RISK: The investments in the funds are subject to market fluctuations and the risks inherent in investments in securities. The value of investments and the income they generate may go down as well as up and it is possible that investors will not recover their initial outlay, the funds described being at risk of capital loss.
ENVIRONMENTAL, SOCIAL AND GOVERNANCE (ESG) INVESTMENT RISK: The lack of common or harmonized definitions and labels integrating ESG and sustainability criteria at EU level may result in different approaches by managers when setting ESG objectives. This also means that it may be difficult to compare strategies integrating ESG and sustainability criteria to the extent that the selection and weightings applied to select investments may be based on metrics that may share the same name but have different underlying meanings. In evaluating a security based on the ESG and sustainability criteria, the Investment Manager may also use data sources provided by external ESG research providers. Given the evolving nature of ESG, these data sources may for the time being be incomplete, inaccurate or unavailable. Applying responsible business conduct standards in the investment process may lead to the exclusion of securities of certain issuers. Consequently, the Sub-Fund’s performance may at times be better or worse than the performance of relatable funds that do not apply such standards.
This is not an exhaustive list of risks. For a full description of risks associated with each fund, please consult a client relationship manager or the global BNP Paribas Asset Management website: www.bnpparibas-am.com.