The DFM market has become bifurcated in its use of collective investment vehicles.
Some DFMs have fewer than 100 funds (typically researched by a centralised research team) while others allow their portfolio managers to pick their own collectives and require them to do the due diligence...
Reducing volatility and maximising returns
Record organic asset growth
Global economic cycle is among the longest in history
Fixed income manager takes a more cautious approach
Duff & Phelps IM selected for real estate vehicle