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

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

Rating:My How Things Have Changed For Fundsters Not Rated 0.0 Email Routing List Email & Route  Print Print
Wednesday, May 18, 2016

My How Things Have Changed For Fundsters

Reported by Neil Anderson, Managing Editor

"Disruptive change is a persistent topic for this year's GMM."

Thomas Faust
Eaton Vance Investment Management
Chairman, Chief Executive Officer
Tom Faust, chairman and CEO of Eaton Vance and chair of the ICI general membership meeting planning committee, shares that sentiment and more this afternoon in his introductory remarks at the trade group's big 2016 conference at the Washington Hilton in Washington, D.C. Faust offers fundsters a preview of the agenda for this year's conference.

Faust reminds fundsters about the rapid industry changes even in the past decade. He notes that passive investments now account for 28.5 percent of industry AUM, while ETFs account for 14 percent and smart beta and target date funds continue to rise. And he talks of the industry's challenges.

"Advisory fee rates are lower, distribution costs of higher, and the majority of fund complexes are now in net outflows," Faust says, pointing to a recent article that wonders if the asset manager industry is experiencing its "Napster moment."

Yet Faust foresees "a stronger and better investment industry."

"I can't help but being optimistic about the future of investment management," Faust says. 

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

0.0
 Do You Recommend This Story?



GO TO: MFWire
Return to Top
 News Archives
2024: Q2Q1
2023: Q4Q3Q2Q1
2022: Q4Q3Q2Q1
2021: Q4Q3Q2Q1
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:
Raw XML
Add to My Yahoo!
follow us in feedly




©All rights reserved to InvestmentWires, Inc. 1997-2024
14 Wall Street | 20th Floor | New York, NY 10005 | P: 212-331-8968 | F: 212-331-8998
Privacy Policy :: Terms of Use