The MFWire
Manage Email Alerts | Sponsorships | About MFWire | Who We Are

Subscribe to MFWire.com's News Alerts [click]

Rating:It Could Be a Slow Five Years For Asset Managers Not Rated 0.0 Email Routing List Email & Route  Print Print
Tuesday, February 12, 2013

It Could Be a Slow Five Years For Asset Managers

News summary by MFWire's editors

Asset managers may need to prepare for five more years of slow deposits, according to a study cited by Bloomberg.

Globally firms will likely see annual growth from new client money of 0.6 percent through at least 2017, consulting firm Casey Quirk & Associates declared in a paper.

Many will struggle with shrinking revenue as much of the growth will go to companies specializing in niches like alternative-investment strategies, or that sell to customers in emerging economies, according to Casey.

“Market appreciation at any level won’t be enough to save asset managers focused on selling outmoded products to slower- growing investors,” Bloomberg quotes Casey-partner Benjamin Phillips as saying.

The Casey report argued that companies that provide cheap indexing or multiasset products such as asset-allocation funds and target-date retirement funds will fare best in the slow-growth climate.

For example, low cost indexer and ETF sponsor Vanguard Group [profile] known for its index-based mutual funds and exchange-traded products, attracted $24.3 billion in January, a record for the Valley Forge, Pa. company.

Read more at Bloomberg

Edited by: Tommy Fernandez

Stay ahead of the news ... Sign up for our email alerts now

 Do You Recommend This Story?

Return to Top
 News Archives
2020: Q4Q3Q2Q1
2019: Q4Q3Q2Q1
2018: Q4Q3Q2Q1
2017: Q4Q3Q2Q1
2016: Q4Q3Q2Q1
2015: Q4Q3Q2Q1
2014: Q4Q3Q2Q1
2013: Q4Q3Q2Q1
2012: Q4Q3Q2Q1
2011: Q4Q3Q2Q1
2010: Q4Q3Q2Q1
2009: Q4Q3Q2Q1
2008: Q4Q3Q2Q1
2007: Q4Q3Q2Q1
2006: Q4Q3Q2Q1
2005: Q4Q3Q2Q1
2004: Q4Q3Q2Q1
2003: Q4Q3Q2Q1
2002: Q4Q3Q2Q1
 Subscribe via RSS:
Add to My Yahoo!
follow us in feedly

©All rights reserved to InvestmentWires, Inc. 1997-2020
14 Wall Street | 20th Floor | New York, NY 10005 | P: 212-331-8968 | F: 212-331-8998
Privacy Policy :: Terms of Use