Distributor due diligence of mutual funds “overrated”

High-net-worth individuals are ideal clients, due diligence is overrated for mutual funds and pushing hot products is a bad approach, argued John Cappetta, Singapore head of managed solutions advisory at Julius Baer. These were some of the surprisingly candid views he voiced when speaking about product strategy and selection at AsianInvestor’s Fund Selector Forum in Singapore last week. In comments that were not welcomed by everyone in the audience, Cappetta said his preferred c…