Calastone, in association with Funds Global Asia, explores the impact of technology and regulation on funds industry.
Highlights of the research:
- 97% of respondents in Australia support regulatory action to improve transparency in the funds industry
- 94% say it is important for Australian investors to diversify their exposure to managed funds that invest abroad
- 44% say Ucits will become an important part of the product mix in Australia - a 14-point rise compared with last year
- From the global survey, 93% of respondents say the amount of effort required to comply with regulations in the funds industry has increased
- 74% say a side-effect of regulatory compliance is underinvestment in other parts of the business
- 84% say legacy technology is a problem for the funds industry, especially in the back office
- Out of a list of emerging technologies, blockchain is expected to have the biggest impact