'Digitally mature' asset managers' inflow performance 4x better than slow adopters
'Great ambition'
Asset management firms with sophisticated digital infrastructure demonstrated four-times stronger net AUM performance than those slower to invest in their technological capabilities over the last 12 months, a period which saw the sector nearly double its digital spending.
Research published by consultancy Alpha FMC showed some of the world's largest asset managers spent an average each of £17m on digital innovation, compared to £9m at the same time last year, as the industry...
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