Almost a third of discretionary fund managers (DFM) cannot deal with direct investments into structured products, according to an analysis of the market.
Research by Defaqto, of more than 40 DFMs, also found 7% were unable to access cash while 40% can not invest directly in equities. Of the alternative investments, private equity was the least-serviced area, with only 38% allowing direct investment. Of the traditional investments, only 31% of DFMs permitted direct investment into property. The analysis comes from a new tool Defaqto has launched, as part of its Matrix product research application, allowing users to compare the different service propositions offered by DFMs. Among the criteria it takes into account is the proportio...
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