金融市场管理局 (FMA) ：2024年全权委托投资管理服务行业洞察报告（英文版）（15页）.pdf

1、OCTOBER 2024 Discretionary Investment Management Services Sector Insights 2024 This report provides insights from the FMAs 2022-2024 monitoring of the Discretionary Investment Management Service(DIMS)sector.It identifies some key risks to investors and sets out how we would like to see these risks m

2、anaged by those who operate or advise on DIMS.Discretionary Investment Management Services Sector Insights 2024 Page 1 This copyright work is licensed under the Creative Commons Attribution 3.0 New Zealand licence.You are free to copy,distribute and adapt the work,as long as you attribute the work t

3、o the Financial Markets Authority and abide by the licence terms.To view a copy of this licence,visit creativecommons.org Discretionary Investment Management Services Sector Insights 2024 Page 2 Contents Executive summary 3 Overview of the DIMS sector 4 What we found 6 Conflicts of interest 7 Invest

4、ment management 8 Investment strategy 9 Investment performance monitoring 10 Fees disclosure and transparency 12 Discretionary Investment Management Services Sector Insights 2024 Page 3 Executive summary A Discretionary Investment Management Service(DIMS)is where a provider manages an investors port

5、folio on their behalf and is authorised to make investment decisions in line with authority granted by the investor.Anyone providing a DIMS service in New Zealand must be licensed by the Financial Markets Authority Te Mana Ttai Hokohoko(FMA).In 2022,we surveyed DIMS providers to find out how their g

6、overnance,policies,processes,systems,and controls are used to meet compliance obligations and mitigate the risk of investor harm.We followed this up over 2023 and 2024 with monitoring of nine licensed DIMS providers.This report provides an overview of insights from these monitoring engagements,acros