Fund managers eye bumper inflows over next five years

Tags: News
Fund managers across the globe are optimistic about attracting more investors over the next five years, a survey by consultants EY showed, while also indicating that some managers are starting to feel the pinch from regulatory pressure over pay.

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.

EDITORIAL OF THE DAY

  • Naidu must improve urban infrastructure to avoid the mess in which he landed

    While some tweets may have triggered turbulence in Air (India), the magnitude of the problem demands an immediate action plan to ease the lives of Ind

FC NEWSLETTER

Stay informed on our latest news!

TODAY'S COLUMNS

Simon J Evenett

When machines start writing well

For centuries children through to university st­udents have practiced improving ...

Zehra Naqvi

How does a bird learn to sing?

There’s nothing like bir­dsong to give you a taste of ...

Dharmendra Khandal

The unfortunate death of a tigress & its repercussions

In nature it is not easy to gather investigative evidences, ...