An explosion in the number of funds accessible to retail investors is just one factor making it increasingly difficult for advisers to keep on top of all the collective investment options for their clients, says Richard Philbin.
ISIS Asset Management’s director fund of funds says this is one reason why the strength of a multimanager approach is increasingly coming to the fore. Regulatory changes such as UCITS III, which broadens investment choice for funds themselves, and PI demands on advisers are other reasons why outsourcing of funds selection will become increasingly popular Philbin adds. Hedge funds and structured products will “be brought into the fray” at the same time performance monitoring requirements are increasing andconsolidation creates greater levels of chopping and changing of funds and fund m...
To continue reading this article...
Join Professional Adviser for free
Signup and gain exclusive members-only insights
- 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
