Wealth managers reveal their biggest fund selection concerns… but play down Brexit threat

Latest Harrington Cooper survey

Anna Fedorova
Wealth managers reveal their biggest fund selection concerns… but play down Brexit threat

Buyers have highlighted a number of key difficulties they face in the current investment environment, with the long-running issues of fund herding and a lack of good active US managers remaining high on their agendas.

According to fund distributor Harrington Cooper's latest annual survey, some 74% of 85 wealth manager and multi-manager respondents highlighted fund concentration into a select number of strategies as a 'significant' or 'very significant' concern when constructing buy lists. Harrington Cooper said this helps to explain why the same number of respondents also described the size of the funds they select as a key consideration. Only 13% of respondents said size was not an issue for them when selecting funds, while another 13% of wealth managers said this is a concern only within certain ...

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