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

Latest Harrington Cooper survey

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 ...