Lack of adviser interest keeps platforms from listing trusts.
Platforms refusing to list investment trusts thus far say they will only do so when there is enough demand – but that will not happen until they take the plunge themselves. In early 2012, the three largest adviser platforms (Cofunds, Fidelity FundsNetwork and Skandia) kick-started a race to list investment trusts and ETFs. Two years on, it appears to have turned into a marathon, not a sprint. Cofunds announced a pilot with Barclays Stockbrokers in January 2012 that aimed to provide the platform’s clients with all the functions of a stockbroking service, including ITs and ETFs. In M...
To continue reading this article...
Join Investment Week for free
Signup and gain exclusive members-only insights - all free of charge!
- Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
- Get ahead of regulatory and technological changes affecting fund management
- Important and breaking news stories selected by the editors delivered straight to your inbox each day
- Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
- Be the first to hear about our extensive events schedule and awards programmes
