| Headline: Institutions square up to the retail challenge Source: Euromoney Date: September 2000 Author: Julian Marshall more on Asset Management The economic boom of recent years has created a large class of wealthy individuals with money to spare. These high-net-worth individuals now form the most enticing target market for fund managers. Meanwhile the internet is democratizing financial services, in the process opening the markets up to a swathe of new private investors. The pile-it-high, sell-it-cheap supermarket philosophy which has already swept through the US is now set to engulf the rest of the world. What does this mean for the markets? Julian Marshall reports The rush of money into retirement savings, coupled with the rapid spread of the internet is creating a huge source of new funds. Meanwhile at the wealthier end of the market, the number of millionaires with large of amounts of money free to invest is increasing dramatically. |