Benchmarks necessary as private market assets seek retail participation: MSCI private assets chief
Financial advisers must be equipped to ensure products added to clients’ portfolios are suitable for diversification and liquidity
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[SINGAPORE] Retail participation in private market assets is now a reality, with the US opening parts of the asset class to retail investors – and Singapore may not be far behind, with the Monetary Authority of Singapore’s recent consultation on a proposed regulatory framework.
With retail participation, the bar is raised for transparency and analytics in a segment of the market long known for its opacity.
“When you come into retail, there’s a much higher fiduciary obligation of suitability,” Luke Flemmer, head of private assets at MSCI, told The Business Times.
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