IFAs miss out on funds not in supermarkets

UK IFAs are not taking advantage of the wider investment opportunities available through offshore funds because they are not available via fund supermarkets, according to research by HSBC Investments. The study, which questioned 50 intermediaries, revealed that 84% would do more offshore business if they were available through fund supermarkets. While 92% already used offshore funds, they were only 11% of investments. Over half expect to do more offshore fund business in five years' time.