Although a comfortable majority of funds are still actively
managed, the research from advisory firm Willis Towers Watson
showed, the proportion of passively managed funds climbed to
21.6 percent. That was up from 20.3 percent the previous year,
and from 16.5 percent five years ago.
"We expect that this trend will continue to put downward
pressure on traditional fee structures, particularly amongst
active managers seeking to remain competitive and to maximize
value to investors," said Willis Towers Watson's global head of
manager research, Luba Nikulina.
U.S. fund managers saw their assets increase 7.7 percent to
$47.4 trillion, while European managers saw a 2.8-percent
increase, to $25.8 trillion.
UK-based fund management firms saw their assets fall for a
second straight year, however, by 4.5 percent to $6.3 trillion.
BlackRock remained the top fund manager, with $5.1 trillion
under management, followed by fellow U.S. firm Vanguard, with
just under $4 trillion.
(Reporting by Jemima Kelly; Editing by Andrew Heavens)
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