Consolidation and globalisation continue to reshape the structure of the global fund industry, accor...
Consolidation and globalisation continue to reshape the structure of the global fund industry, according to delegates at the Fund Forum.
However, while many believed consolidation would continue, they felt it did not offer additional value to the investor.
According to 79.1% of delegates, the recent merger between Merrill Lynch/BlackRock indicated a trend for international development. But, when asked whether scale really worked by adding value to investors, 61.5% of delegates disagreed.
Some 32.3% said the increase in alternative asset classes, would be the biggest opportunity for the funds industry over the next five years, while 28.7% believed it would be the Far East, 27.49% said the expansion of the retirement income market and 11.6% said mergers to increase global distribution.
The alternative asset class, which delegates predicted would show the most growth was absolute returns/structured products with 63.1% of the vote, then private equity with 17.3%, followed by hedge funds and commodities with 10.1% and property with 9.5%.
Due to leave 31 May
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