Asset Management More Global

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    Improvements in technology and regulatory reform have made the asset management industry more global, says a report by Goldman Sachs. Geographical constraints are even less of an issue in terms of capital management and it estimates that 33 per cent of the assets under management with the global asset managers it covers that are public companies are now sourced from outside their domestic markets. ‘Global Asset Managers: From Local Strengths to Global Opportunities’ says the growth in passive investment vehicles, a shift in demographics, the rise of shadow banking, and the formation of global capital should shape the global asset management industry over the next few years. A well-positioned asset manager, the report says, has a favourable business mix with a diverse asset base, a high exposure to institutional clients, and receives stable, recurring fees for its services, which have been growing over time.