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Direct Access vs. Mutual Funds
Direct access to European markets offers these advantages over mutual funds:
- Portfolios can be managed to address individual clients' tax sensitivities
- Portfolios can be tailored to a client's objectives for risk, return, quality, style, market capitalization, currency, country weightings and sector weightings
- Portfolios can be managed to standard or customized benchmarks
A disadvantage is that direct investing may include higher transaction costs associated with foreign custody.