Cerulli's European Fund Supermarkets report clearly demonstrates the changing distribution dynami...
Cerulli's European Fund Supermarkets report clearly demonstrates the changing distribution dynamics in the mutual fund industry. As the role of banks declines in the distribution chain, that of financial advisers becomes fundamental, contrary to popular perception that fund supermarkets will eliminate the need for adviser distribution. Since 1997, the proportion of funds under management attributed to bank distribution channels has fallen from 78% to 74%. IFA-attributed assets under management have risen from 6% to 8% throughout the Continent, the report says. It predicts IFAs will re...
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