Asia PB fund penetration up by as high as 20%

1 September 2015 | 3 minutes read

Improved financial sophistication and product knowledge has helped private banks increase fund penetration rates to as high as over 20% in Asia, says the head of Standard Life Investments’ Asia wholesale business. “The growth in acceptance of new product types such as multi-asset funds or liquid alternatives really demonstrated the graduation of investor sophistication,” notes Virginia Devereux Wong, recalling the…

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