Funds gaining traction in discretionary portfolios

Senior private bankers say that not only is discretionary portfolio management growing fast among Asian clients, but funds are an increasingly important part of that. Asked during a recent roundtable on fund selection hosted by AsianInvestor in Singapore* whether the fund penetration rate was higher in discretionary portfolios, panellists agreed. Adrian Schatzmann, recently promoted to global head of investment fund sales and distribution at UBS Wealth Management, said: “A discr…