Direct-to-consumer fund distribution gaining traction
In terms of asset gathering, fund managers should continue to look at North Asia, as it provides the largest retail and pension saving opportunities.
Retail banks are slowly losing market share as a fund distribution channel in Asia, according to research released yesterday by Cerulli.
Banks only accounted for 37% of mutual fund distribution in Asia (ex Japan) based on the latest Cerulli Global Markets report down from nearly 50% a year ago.
The banks' dominant position has been shrinking for a few years now, as direct distribution and intermediary sales picked up traction.
Breaking down the AUM by distribution channel in…
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