Are investors losing patience with fund passports?

The idea of a pan-Asian funds passporting scheme has long appealed to fund managers and—to a lesser extent—regulators, but there are fears that potential participants in certain schemes may be giving up on the idea. The ability of fund houses to distribute funds across borders, under transparent licensing and tax rules, is an alluring one. It would give retail investors more product choice, and could offer fund managers a cross border customer base. But reality has been less imp…