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Asset Management

Stock-pickers to manage less than 30% of assets by 2022

Fund managers should use the proceeds of a bumper 2017 to retool for the future, management consultancy BCG advises

Sunday, 15 July 2018 at 16:42

Stock-pickers to manage less than 30% of assets by 2022

Traditional stock-picking equity and bond managers will account for less than a third of the global asset management industry within five years, according to Boston Consulting Group.

BCG, the world’s second-largest management consultancy, puts out a major report on the asset management industry each year. Its latest edition, published on July 19, drew a portrait of a 2017 as a vintage year for the sector, with record inflows and profits as bullish stock markets drove global assets under management up 12% to $79tn.