“Investment houses are always too reactive on fund launches,” he said. “The ones to benefit will be those that already have the early mover advantage, that are already listed, and are starting to shine again.
“Most houses won’t launch this kind of product unless they have the skillset to do it. It goes in a cycle of asset allocation changes. It is not going to be the best investment, but it will have its moment in the sun, and we are getting nearer to that point."
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Joe McGrath is a freelance financial journalist
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