McKinsey forecast: Slower growth in asset management industry in next five years
US and European asset managers are likely to face more severe pressures on profits as the Asia-Pacific region becomes the most important source of cash inflows in the asset management industry, McKinsey predicts.
Due to weaker economic activity and interest rates locked at ultra-low levels, challenges loom for the global asset management industry. Consultancy McKinsey & Company forecasts slower growth in assets, cash inflows and profits over the next five years, reports the Financial Times.
Already a subscriber?Log in here
Read the whole article
Get access for 14 days for free. No credit card is needed, and you will not be automatically signed up for a paid subscription after the free trial.
