What Lies Ahead for the Asset Management Industry

Having benefited from strong multidecade structural tail-winds, the asset management industry faces tricky challenges ahead. Some relate to the environment in which it operates, including the extent to which this is changing due to both structural and policy forces. Others speak to the importance of...

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Bibliographic Details
Published in:Journal of portfolio management 2014-01, Vol.40 (5), p.1
Main Author: El-Erian, Mohamed A
Format: Article
Language:English
Subjects:
Asset management
Beta
Central banks
Economic crisis
Economic development
Interest rates
International finance
Investment advisors
Liquidity
Profitability
Profits
Volatility
Online Access:Get full text
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Summary:Having benefited from strong multidecade structural tail-winds, the asset management industry faces tricky challenges ahead. Some relate to the environment in which it operates, including the extent to which this is changing due to both structural and policy forces. Others speak to the importance of being more inclusive and engaging better with a demographically and socially evolving client base. And all involve integrating much better the enormous strides made in information technology, the Internet, social media, predictive analytics, and behavioral finance. To navigate all this well-and it is far from a simple task-the industry requires a more robust combination of agility and resilience. To do so, it will also need to incorporate insights from the research community, existing and new, on a much more timely basis.
ISSN:0095-4918
2168-8656
DOI:10.3905/jpm.2014.40.5.001