Almost a third of discretionary fund managers (DFM) cannot deal with direct investments into structured products, according to an analysis of the market.
Research by Defaqto suggests 30% of managers can not meet this demand, compared with 7% who are unable to access cash and 40% who can not invest directly in equities. More than 40 DFMs were included in the analysis, and, of the alternative investments, private equity was the least-serviced area, with only 38% allowing direct investment. Of the traditional investments, only 31% of DFMs permitted direct investment into property. At a time when a rising number of advisers are assessing the possibility of outsourcing to a DFM, Fraser Donaldson, Defaqto fund insight analyst, said it was...
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