Since 2007, there has been a sea change in allocations between active and passive strategies ... investments and some internalization of the asset management function at defined benefit plans.
Economy of scale benefits do not apply here, as size increases cost through reducing liquidity, leading many managers to 'cap' funds, declining new investment once asset value thresholds are reached.
Active ETFs could gain traction, capturing nearly 5% market share in the same period. The long-term global asset management industry is set for notable growth over the next five years, with assets ...