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Boutique battle

Schroders managing director of UK retail Robin Stoakley says that circumstances are now favouring the big fund firms and that the boutiques are going to find themselves in a fight.

He says there is a place for boutiques but he believes in this climate IFA demand is for niche products, such as Schroders agriculture fund and income maximiser and BlackRock’s absolute alpha, the sort of fund that only the big companies can resource properly.

We rather like boutique fund managers – they have helped innovation and for some fund managers the freedom they offer has clearly helped boost returns. But a little competition is no bad thing. We say bring it on, Mr Stoakley.

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