Cerulli laments the dominance of banks in fund distribution

The research firm says banksÆ wealth management activities are mainly motivated by generating fees through transactions; a reality that discourages investors from seeking meaningful advice and prevents fees from coming down.

AsiaÆs fund management industry has made great strides in terms of development over the past five years. But Shiv Taneja, Singapore-based managing director at research firm Cerulli Associates, says there is one aspect that hasnÆt kept pace with the progress and that is fund distribution.

Banks continue to dominate the channels of fund distribution and it doesnÆt look like that trend will change in the coming years. In the first instance, having banks actively push funds as part of an...

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