Fund firms eye private banks, insurance platforms

Asia-Pacific mutual fund firms, in search of more stable revenue streams, are increasingly trying to get their products on private bank and insurance distribution platforms, but the shift will be gradual, says research house Cerulli Associates. Mutual funds on traditional bank platforms in the region have issues retaining assets, as Asian investors tend to have short-term investment holding periods, notes Cerulli. This is a particular concern for fund houses in China, Korea and Ta…