McKinsey: Asset management to see explosive change
McKinsey & Co cited five trends that they expect will cause a “once-in-a-generation shift in competitive dynamics”, completely shaking up the asset management industry.
Asset Management
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Growth in Singapore’s asset management sector slows to 9%
Fund managers in Singapore saw a 9% increase in assets under management to S$2.6trn ($1.90 trn, £1.4trn, €1.6trn) in 2015, much slower than the 30% recorded the year before.
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Tech disruption offers opportunity, says M&G digital head
Technology is disrupting the asset management industry but offers many opportunities in the process, according to Dominic Traynor, head of digital at M&G Investments.
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Europe: a growing cash cow for asset managers
Europe’s share of the world economy may be declining steadily, but there is at least one area where the continent is growing in importance: asset management revenues. Global asset management companies are deriving an ever growing share of their revenue from Europe, at the expense of the United States.
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Asset managers at different stages of Brexit readiness
If the UK leaves the European single market following the Brexit vote, the country risks losing its financial passporting rights.
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How wealth managers are trading as the FTSE fights back
Chin-up, dear investor. Brexit has not necessarily been the disaster for the FTSE as was predicted, and could actually be a great opportunity for UK-facing active managers.
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Advisers losing faith in star managers, report says
The continued prevalence of star fund manager culture within the asset management industry has been called into question in a new report by fund data provider FE.
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Eastspring teams up with Vontobel to offer funds in Taiwan
Eastspring Investments has announced a distribution agreement with Vontobel to offer funds in Taiwan, giving the asset manager access to retail investors in the key financial hotspot.
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Fund managers keep fretting about Brexit despite low odds
Bookmaker William Hill cut its odds for Britain to vote to remain in the EU to 1/5 yesterday, implying a probability of just 15% that Brexit will occur. Nevertheless, fund managers remain seriously worried it might well happen.
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Chinese mainland investors warm to offshore products
Downward pressure on the renminbi and A-share volatility are prompting China’s investors to diversify their assets, said David Leung, head of wealth management at Standard Chartered Bank in China.
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Fund distributor: The state of independence
Neuberger Berman’s Dik van Lomwel shares his views on the company’s local-to-local distribution strategy, life after Lehman Brothers and how the New York-headquartered firm’s clients will define its future.
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Asset and wealth mgt confidence hit by volatile markets
The asset and wealth management industry has seen its first significant fall in confidence since the winter of 2011, according to a joint report from the CBI and PwC.