US - Mutual funds that pay to be on a broker-dealer's shortlist may receive up to ten times the asset flows, than those mutual funds not listed with a broker, according to research on the practice of "revenue sharing" from Cerulli Associates.
“Mutual Fund Revenue Sharing: Current Practices and Projected Implications” from Boston based Cerulli Associates finds that favoured funds receive, on average, three times the inflows than funds no...
To continue reading this article...
Join Professional Pensions
- Unlimited access to real-time news, analysis and opinion from the industry
- Receive our in-depth monthly magazine in either print or digital format
- Access our Sustainable Investment Hub covering news and opinion from thought leaders in the ESG space
- Receive important and breaking news stories selected by the Editors in our daily newsletter
- Hear from industry experts and other forward-thinking leaders
- Receive a monthly members-only newsletter with exclusive opinion pieces from leading industry experts and a feature from the magazine in advance of its release date