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Australian HNWIs deprived of access to foreign asset managers

Existing players and taxation hurdles remain overriding influences in Australia’s fund market limiting high net worth investor choice, claims analytic firm, Cerulli. According to Cerulli, the Australian asset management industry is, in its present state, insulated from foreign asset managers. The total worth of the mutual fund market is just under US$1.6 trillion as June 2015. However, only 52 funds…

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