Private banks "lazy" on funds selection

Following the global financial crisis private banks have cut down the number of fund providers they work with, leading to less competition for the most established brands in Asia, say asset managers. But this is making it increasingly difficult for less-established brands to get onto their shelves, even those that are performing well. Even long-standing names such as Manulife are finding it difficult to get funds onto bank platforms, as noted in a story on AsianInvestor.net this…