While there is now an almost limitless universe of funds to choose from and fund managers are free to operate throughout the EU, regulation has made the advisers' job increasingly complicated
The role of the fund picker has come a long way over the past 15 years and never more dramatically than in the last three years with the advent of Ucits III. The job of balancing a range of investment assets on behalf of clients and ensuring they match their investment and risk attitudes has become increasingly complicated. Firstly, with an investment universe of 2,000 unit trusts and some 18,500 offshore funds, selecting the right balance of funds is no small feat. Secondly, the introduction of Ucits III has blurred the lines drawn between one asset class and another, or even one fund an...
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