Lack of knowledge about and poor exposure to investment companies among advisers is preventing their wider use, research has found.
A Research in Finance Study published by the Association of Investment Companies (AIC) today revealed the greatest barriers to the use of investment companies, including a lack of knowledge, limited contact with asset managers and research constraints. The use of investment companies by advisers has increased since the Retail Distribution Review (RDR), with purchases on advised platforms now more than £1bn annually. However, the majority of advisers still do not use investment companies. Inertia on behalf of advisers, who admitted that open-ended funds were a "path of least resistanc...
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