RT Journal Article SR Electronic T1 European Mutual Fund Distribution: Still Much Work Needed JF ETFs and Indexing FD Institutional Investor Journals SP 59 OP 60 VO 2012 IS 1 A1 Cerulli Associates YR 2012 UL http://guides.pm-research.com/content/2012/1/59.abstract 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.