consolidation

Fund rationalisation may be coming to an end after a few years of groups actively cutting their product ranges, according to Fitch Ratings.

Asset managers are entering an era of fund rationalisation as cost pressures mark the beginning of the end for oversized product ranges, according to Threadneedle's Nick Ring.

Pressure from cheap passive investment products will put pressure on active managers to justify the fees they charge, said Jupiter's Edward Bonham Carter.