Fund managers eye bumper inflows over next five years
Jul 07 2014 , London
EY's "Global Regulated Funds Survey 2014" showed managers in North America and Europe expected growth of 10% a year in net inflows, while those in Latin America and Asia expected growth of 7% a year.
"When you recognize that relatively recent net new money growth rates for the overall industry have been in the range of 3% to 5%, it's clear that managers of regulated funds are feeling pretty bullish," said Mike Lee, Global Wealth Asset Management Leader at EY in a statement.
"To hit this growth rate, managers are looking to tap into investors' search for yield in the on-going low interest rate environment," he added.
The survey also found that European managers are increasingly seeing their pay packages tweaked to align them with the interests of investors.
56% of European managers said regulatory changes had the greatest impact on their compensation structure or methodology, versus 5% of North American managers and 13% of managers in Asia and Latin America, it said.