THE NETHERLANDS - Just over half of all fiduciary managers operating in the Dutch market are foreign, according to a survey conducted by Bureau Bosch.
The total amount of assets managed externally topped €618bn (US$972bn) last year, including €173bn of fiduciary management, multi-management and overlay products.
The report commented the potential of this sector is expected to grow considerably when ABP and PGGM join the market as commercial entities later this year.
The survey also showed the average costs of external management products. It showed the average active management portfolio to cost 24bps, a 13bps premium over passive mandates (11bps), while the average fiduciary management portfolio costs 34bps.
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