Fund selectors have revealed the difficulties in allocating to Asia and emerging markets as some of the most popular retail funds close their doors to new investors.
Buyers creating model portfolios for clients have been forced to seek alternatives to some of the most popular and best performing offerings in the market, following a wave of soft-closures in recent months. Research and ratings provider Morningstar OBSR said it is looking for smaller funds to recommend as First State becomes the latest group to try to limit inflows into its best-selling products, while new assets continue to flood into other major players. Morningstar OBSR managing director Nigel Whittingham said it is tough to find funds with a long enough track record, especially i...
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