Listed asset managers are struggling with a tough future

Listed asset managers have been the dogs of the equity markets this year. An uncertain future, and huge pressure towards lower fees, are hurting major players in a big way.

Blackrock shares are down by a fifth so far this year.

While equity market prices in 2018 have in general been satisfactory, that certainly has not been the case for the shares of listed asset managers.

This year, Jupiter has tumbled 47 percent, Invesco is off 42 percent, and Standard Life Aberdeen is down 41 percent. And they are not even the worst fallers. GAM Asset Management has declined 53 percent, and even the elephant, Blackrock, is down by a fifth this year, the Financial Times writes.

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