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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.

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