Fund supermarkets still face number of obstacles before rolling out their investment trust (IT) propositions, according to J.P. Morgan Asset Management.
A paper from the group - the largest UK provider of ITs - warned that while most wraps offer a wide variety of funds, supermarkets' offerings were still "patchy". "Many popular investment platforms already offer a comprehensive selection of investment trusts as part of their service," the report said. "However, some platforms still only offer a limited selection, or do not offer them at all - including the three biggest fund-based platforms: Skandia, Cofunds and Fidelity FundsNetwork. "Systems constraints are an issue, with the specific dealing and custody requirements of investmen...
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