Posted AT 7:08 AM EST on 11/03/08
Wrap programs gain ground in sales
Like packaged tours to the travel industry, wrap programs have become sexy in the investment fund industry.Wraps, which bundle funds and asset management services like rebalancing for one fee, have been gaining traction in recent years as opposed to standalone mutual, pooled or segregated funds.
"It's convenient - a one-ticket solution" for both investors and financial advisers, said Iassen Tonkovski, senior analyst at Investor Economics.
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