As the asset management industry will inevitably face more regulations, costs will increase and competition will intensify, giving the largest companies an advantage that will increase their market share. Those were some of the views of 225 asset managers from 30 countries that Create Research surveyed. The study was commissioned by Citis global transaction services group and Principal Global Investors.
Seventy percent said they expect the asset management industry to become more polarized, with large players rising to positions of dominance. Thirty-four percent said clients are more averse to risk and more inclined to seek capital protection through standardized products.