RESHAPING RETAIL FUND DISTRIBUTION

Rethinking distribution Creating competitiveadvantage inanew funddistributionparadigm

June 2011

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RETHINKING DISTRIBUTION

RETHINKING DISTRIBUTION

DRIVERS OF CHANGE:

• Increase in regulation; • Increased exposure to emerging markets; • Change in investor trust and loyalty patterns;

• Focus on pension and retirement products and solutions; • Increased separation of alpha and beta and competition from other financial products; • Increasing use of technology to reach investors.

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