BlackRock Sole Exception, As Active Managers Continue To Feel Crunch

The fourth quarter of 2016 saw many major asset managers experience net outflows, a Moody’s report observes, while asset managers generated $529.8 million in performance fees, down 1.1% year over year, as passive investments continued to pressure active managers, reducing their fee income. Moody’s goes negative on asset managers for a variety of reasons, including market tail risk Moody’s 2017 outlook for global asset manager stocks is negative, Jordan Schoenberg and a team of US asset manager analysts stated. The negative outlook is driven by the trend towards investors moving into passive products, pressure on fees, regulatory developments and increased…