Companies that provide access to third party funds will witness rise in market share in the UK, according to a new research published in the fourth-quarter issue of Cerulli’s Edge-Europe Edition.

The increase in market share will be driven by rise in advisory channels through which they reach their end clients, International Adviser reported quoting the report.

Some of the third party fund providers in the UK are Jupiter and Aberdeen. These international fund groups are also known as ‘funds of funds.’

Edge-Europe Edition editor Barbara Wall said investors are demanding third-party funds like never before, and even in territories such as Spain and Italy, the third-party fund providing groups are set to grow.

According to Cerulli senior analyst Angelos Gousios, independent and international fund groups will continue to grow their market share in the region as private bank distribution channels open up to third-party funds and the independent channel becomes increasingly influential.

The report also found that overseas clients of the UK’s Investment Management Association account for 40% of all members’ assets under management.