Casey, Quirk, & Associates predicts dramatic change to industry
Casey, Quirk, & Associates, a consultant to the global asset management industry, predicts in a new White Paper that the industry faces significant changes that will benefit firms active in areas such as low-cost indexing, alternatives and liability driven investing.
Other areas predicted to thrive include companies that can provide uncorrelated and superior active equity, and multi-asset solutions like target date funds. Ability to act on a global scale will also be important.
Another key finding is that individual investors, not institutions, will drive asset management business growth going forward. The consultant predicts that 80% of an anticipated US$40bn of net new revenue over the next five years will be derived from the increasing wealth of individuals worldwide.
To read the White Paper click here:The Complete Firm