BlackRock's retail chief sees fund selection progress
Damien Mooney says most major banks have invested in due diligence over the past year, driven by regulation. But he believes fee-based distribution would challenge fund houses.
Distribution has become more institutionalised in Asia, with banks having improved their fund selection process in the past year, observed Damien Mooney, head of Asia-Pacific retail business at BlackRock.
He pointed out that due diligence was now much more robust than in the past, saying distributors were more consistent in how they applied their investment views to client portfolios.
Mooney suggested the impetus for change had partly come from regulators, which have placed grea…
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