Funds industry experiencing 'slow death'
CFA chief Paul Smith says the structure of the investment management industry is inappropriate and does not create a satisfactory outcome for the client. Thus the industry needs to be dismantled and rebuilt.
The asset management industry needs to be dismantled and rebuilt to ensure its own survival, says the head of a key investment education body.
With encroaching regulation and apathetic investors taking their toll on the sector, managers need to enact wholesale reform to ensure clients get the products they need.
Paul Smith, Hong Kong-based global CEO of the CFA Institute, said the investment industry is experiencing a “slow death” brought on by a combination of investor apathy a…
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