Distributors want more fund transparency

There are several areas where product gatekeepers at private banks feel fund managers could do – and in many cases are doing – a better job when it comes to sales and servicing, as reported recently . Another area where some distributors would like to see improvement is related to transparency about what has driven fund returns – or lack of them. Richard Mak, Asia head of advisory services at Swiss firm Pictet Wealth Management, said: “We expect more disclosure on performance at…