Majority (88%) of asset managers across the globe find distribution-related data as the biggest impediment to growing their cross-border operations, while 57% are concerned about new entrants in the technology space, according to a survey by State Street.
The study, which surveyed 250 asset managers, found 64% of asset managers planning to introduce cross-border products in the next five years.
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Of those polled, 85% were found planning hedge fund launches and 83% were found planning real estate fund launches, a 15% and 13% increase compared to today, respectively.
Besides, 83% of asset managers were also found willing to launch private equity funds. The figure represents a rise of 24% from today.
State Street Luxembourg head David Suetens said: “The access to distribution data remains a challenge for the asset management industry. According to our survey clients are looking for a flexible, scalable information technology infrastructure that ensures a fast and accurate delivery and execution throughout the investment lifecycle.
“Additionally, as asset managers expand their product suite and the number of markets their products are distributed to, they are also becoming less dependent on intermediaries; with nearly half (44 percent) expecting to increase their volume of direct sales. The effect of regulatory reform and technology may thus change the nature of distribution of funds.”
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