Prepare for the second age of distribution… The Chinese fire rooster crows in a cloudy new day in the world of fund distribution. Traditional business models are changing, pressure is building from passives, new competitors are entering the arena and the regulatory train shows little sign of slowing. But is this creating a landscape that favors only the giants and the gems? Are mid-tier groups doomed, ultimately, to merge or fail? Direct-to-consumer or stick with intermediaries – which way will asset managers swing? Is regulation closing or opening distribution architecture? Distribution digitalisation: will robo-advisers be the dominant distributors of the … Continue reading The Yin and the Yang in fund distribution