McKinsey: $8 Trillion In "benchmark-Hugging Active Assets" Up For Grabs

Terming returns from equities and fixed income over the past 30 years as a “historical anomaly,” the McKinsey Global Institute forecasts that average returns for equities and fixed income assets will drop, as the macro trends fueling their returns are fading. In its latest research piece titled “Thriving in the New Abnormal – North American Asset Management,” McKinsey’s Financial Service Practice highlights five converging trends that are rewriting the rules of asset management. Five secular shifts that could transform asset management industry The McKinsey report highlights that 2015 was a strong year for North American asset management, with year-end AUM touching…