Moody's downgrades outlook for 'underwhelming' global asset management industry
Passive growth accelerating
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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