PT - JOURNAL ARTICLE AU - Cerulli Associates TI - European Mutual Fund Distribution: <em>Still Much Work Needed</em> DP - 2012 Jun 20 TA - ETFs and Indexing PG - 59--60 VI - 2012 IP - 1 4099 - http://guides.pm-research.com/content/2012/1/59.short 4100 - http://guides.pm-research.com/content/2012/1/59.full AB - Mutual fund distribution in Europe is still heavily skewed towards captive distribution, but changes—even in the last couple of years—suggest there are good reasons to start feeling a little hopeful.