Global Asset Management 2017: The Innovator's Advantage

The growing challenges confronting asset management were confirmed by the industry's global performance in 2016. For the first time since the 2008 financial crisis, the revenue pool of traditional managers fell worldwide, along with their profits. Margins contracted as fee pressures continued to increase. Assets under management (AuM) returned to growth, largely thanks to rising asset values on financial markets. Net new flows, the industry's wellspring of growth, remains tepid and little changed from recent years.