IFAs in the UK are failing to take advantage of the wider investment opportunities available through offshore funds because they are not widely available via fund supermarkets, according to research by HSBC Investments.
The study, which was carried out independently and questioned 50 intermediaries, revealed that 84% would do more offshore funds business if they were more readily available through fund supermarkets. HSBC said that while it is true that supermarkets face administrative issues with including offshore funds on their platforms due to pricing difficulties associated with valuation points in other time zones, another reason cited by supermarkets for not including offshore funds – a lack of demand from intermediaries – was proven wrong by this research. While 92% of those surveyed did already u...
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