Good investment advice is lacking in Asia, says Cerulli

Investment advice in Asia still lags well behind that in regions such as Europe and the US, and improving it would help boost confidence in mutual-fund products. Such is the conclusion of the second-quarter edition of The Cerulli Edge: Asia-Pacific report. Moreover, not only have tighter rules on the sale of investment products hit volumes, they have also hindered the development of a stronger advisory culture and are likely to increase costs for distributors. "Fund sellers might ev…