Moody's has downgraded its outlook for the global asset management industry to 'negative', as the level of flows moving into passive and low-fee products gathers pace.
The credit ratings agency said it had not reported a rating action, but had downgraded the industry's outlook from ‘stable' to ‘negative' as active management continues to "underwhelm". In addition,...
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Historic levels of M&A
Brent Crude fell 0.8% to $53.51 a barrel
Largest firms applying fee caps
Revised from 0.3% to 0.2%