2018: A year of optimism for the global fund industry
Fund companies will stand to gain by understanding how cross-border sales, technological advancement and evolving regulatory environments impact their businesses.
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THE year 2017 has been a transitional period, not only for Asia's fund industry, but globally. Fund passporting schemes, new financial technologies and regulatory support for fintech development have all gained momentum.
Next year will also bring developments such as additional cross-border mutual recognition agreements, broader robo-advisory adoption by investors, the Markets in Financial Instruments Directive (MiFID II) and General Data Protection Regulation (GDPR). From client-facing interactions to back-office operations, fund companies must preemptively recognise how these changes impact their businesses. These initiatives and rapid technological advancement set the foundation for 2018.
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