Wealth and Asset Management
Why Banque Heritage is offboarding a third of its selected funds
Banque Heritage’s new fund selection head is trimming the bank’s third-party fund range. ‘We have over 50 selected funds, we want to reduce this to 30 to 35,’ says Cédric Priouzeau, who joined the bank in September. The bank will primarily remove low-liquidity funds not used enough by clients. Given…
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