Investec Asset Management is pressing ahead with the global expansion of its multi-asset business with the launch of a diversified growth fund in Australia and plans for a further potential roll-out in the US and Canada.

Since the arrival of Michael Spinks from Schroders in 2012 to co-lead its UK-based multi-asset team, the $112 billion manager has been busy broadening out its expertise in the area. Last month, it hired Jeff Boswell and Garland Hansmann from Intermediate Capital Group as credit specialists in the global multi-asset team.