European investors may lose out as the continent’s banks cut out all but a handful of external fund providers, according to some big fund houses. A system of open or “guided” architecture -  introduced by Germany’s Commerzbank in 2001 – has become the standard in Europe, under which banks sell a products from big-brand fund groups, usually including the bank’s own “house” provider. But the downturn has prompted many institutions to push their own products, in an attempt to keep earnings from selling funds in house.

This entry was posted by Gwen Robinson on Monday, September 7th, 2009 at 4:53 and is filed under Capital markets. Edit this entry.