One of the biggest problems generated by the funds industry is that it is constantly creating soluti...
One of the biggest problems generated by the funds industry is that it is constantly creating solutions to problems that don't exist. Fund groups all have products that can be characterised by one or more of the following: poor performance, lack of critical mass, or a mandate that no one really wants. Once the latest hot story has cooled, so too does the ardour of the investor and all too often the commitment of the group to the fund. The resulting pile of portfolios is justified by groups as providing them with a comprehensive range of funds for clients, holding out the promise that ...
To continue reading this article...
Join Professional Adviser for free
- Unlimited access to real-time news, industry insights and market intelligence
- Stay ahead of the curve with spotlights on emerging trends and technologies
- Receive breaking news stories straight to your inbox in the daily newsletters
- Make smart business decisions with the latest developments in regulation, investing retirement and protection
- Members-only access to the editor’s weekly Friday commentary
- Be the first to hear about our events and awards programmes