ETF Strategists Rate Competition from Issuers as the Most Significant Challenge

Issuers offering their own ETF managed portfolios present new sources of competition for strategists

The Cerulli Edge—U.S. Asset and Wealth Management Edition, July 2019 Issue

Almost Half of Asset Owners Are Placing High Importance on Integrating Responsible Investment Practices into Hedge Funds

Hedge fund managers face increasing demands from asset owners that want improved ESG reporting standards and increased commitment to ESG integration and engagement

Cerulli White Papers - Responsible Investment in Hedge Funds: The Growing Importance of Impact and Legacy

Southeast Asia Poised to Maintain Double-Digit Growth

Evolving investment needs will raise foreign exposure in both retail and institutional segments

The Cerulli Report—Asset Management in Southeast Asia 2019: The Welcome Mat Unfurls Further

Stepping Up to Meet the Needs of Millennials

Innovation essential to respond to the needs of tech-savvy and socially conscious investors

The Cerulli Edge―Asia-Pacific Edition, 3Q 2019 Issue

Managers Will Need Scale to Capitalize on Pan-European Personal Pensions

The proposed scheme looks set to open up the retirement market

The Cerulli Edge—Global Edition, July 2019 Issue

U.S. Outsourced CIOs Eye Alternative Assets for Diversification and Greater Returns

Allocations to alternative asset classes are expected to increase for nearly all institutional client types

The Cerulli Edge—U.S. Asset and Wealth Management Edition, June 2019 Issue

Success of Financial Wellness Programs Contingent on Ability to Drive Participant Actions

Education-oriented wellness programs are “not enough” to improve participant outcomes

The Cerulli Report—U.S. Retirement End-Investor 2019: Driving Participant Outcomes with Financial Wellness Programs

Shariah-Compliant Funds Are Still in Short Supply in Europe

The popularity of responsible and thematic investing may spur growth

The Cerulli Edge—European Monthly Product Trends Edition, June 2019 Issue

Most Managed Account Sponsors Expected to Consolidate onto One Platform

Unified advisory platforms make for a streamlined and simplified advisor experience

The Cerulli Report―U.S. Managed Accounts 2019: The Challenge of New Platforms

Need for Novel Ideas as Multi-Asset Gains Appeal in Asia

Managers are starting to innovate as the space for income-oriented multi-asset funds becomes more crowded

The Cerulli Edge—Asian Monthly Product Trends Edition, June 2019 Issue

New Strategies Needed to Battle Fee Pressures

Cost control not the only solution; product range must be beefed up to tap into opportunities in Asia

The Cerulli Report―Asian Distribution Dynamics 2019: Opportunities Amid Volatility

Differentiation, Diversification, and Partnerships Are the Keys to Success for European Asset Managers

Investors are willing to try new things as they search for yield and they are keen to work with innovative managers

The Cerulli Report―European Distribution Dynamics 2019: Innovation in an Evolving Market

Open MEPs Could be an Attractive New Pool of Assets in a Mature DC Market

New legislative proposals drive optimistic outlook for MEPs

The Cerulli Edge—U.S. Retirement Edition, 2Q 2019 Issue

Investors’ Stated Desire to Consolidate Their Finances Outstrips Action

A simplified, streamlined user experience is key to converting interest into assets

The Cerulli Report―U.S. Retail Investor Products and Platforms 2019: Constructing Sustainable Platforms

Tougher Transparency Standards Forcing Asset Managers to Go Digital

Firms adopting new methods of communication for existing and potential clients

The Cerulli Edge—Global Edition, June 2019 Issue

State-Sponsored Retirement Plans Can Succeed, but Asset Growth Will be Gradual

Asset managers recognize that they are playing the long game if they choose to participate in this market segment

The Cerulli Edge—U.S. Monthly Product Trends Edition, June 2019 Issue

More Than Half of U.S. Asset Managers Look to Create ESG Investment Solutions

Thoughtful implementation of ESG investment principles are a valuable tool in conversations with advisors

The Cerulli Edge—U.S. Monthly Product Trends Edition, May 2019 Issue

Retail Investors Are Developing a Taste for Private Markets

Diversification and yield are proving to be strong drawcards

The Cerulli Edge—European Monthly Product Trends Edition, May 2019 Issue

Potential Growth Awaits in China’s Passive Market

Exchange-traded funds (ETFs) are increasing in popularity, although investors seem to have a trading mentality toward such products

The Cerulli Edge—Asian Monthly Product Trends Edition, May 2019 Issue

Subadvisors Increasingly Finding New Growth Opportunity Through Existing Relationships

Client service and relationship management will be vital in winning new mandates

The Cerulli Report- U.S. Subadvisory Marketplace 2019: Building Deeper Subadvisory Relationships

Italian Insurers Are Opening Up Further to Foreign Asset Managers

Demand for diversification and environmental, social, and governance investing is growing

The Cerulli Edge—Europe Edition, 2Q 2019 Issue

The European Insurance Industry is Shifting Toward Responsible Investing

Insurers are seeking guidance from asset managers on how to integrate environmental, social, and governance factors into their investment processes

European Insurance Industry 2019: Uncovering Outsourcing Opportunities

Nearly 90% of U.S. Inheritors Don’t Even Consider Using Their Parents’ Advisor

Advisors need a wake-up call to capture the next generation of wealth

The Cerulli Edge—U.S. Retail Investor Edition, 2Q 2019 Issue

Average Investment Product Fees Trend Downward with No Signs of Stopping

Transparency is critical as fees become more complex and difficult to understand

The Cerulli Edge—U.S. Asset and Wealth Management Edition, May 2019 Issue

Asset Managers Need to Get Creative to Secure Their Margins

Cost cutting is not the only solution to the persistent fee squeeze

The Cerulli Edge—Global Edition, May 2019 Issue

Heightened Awareness of Fees Prompts Advisors to Redefine the Client Experience

In reaction to fee awareness, advisors focus on client experience to capture assets

The Cerulli Edge—U.S. Asset and Wealth Management Edition, April 2019 Issue

The Smart Beta Revolution May be Stalling

Despite slowing pace of issuance, performance is still broadly in line with investors’ expectations

The Cerulli Edge—European Monthly Product Trends Edition, April 2019 Issue

Financial Wellness Programs Offer DC Recordkeepers New Opportunity to Become Holistic Providers

More Than 80% of DC Recordkeepers Cite a Focus on Financial Wellness Initiatives

U.S. Health and Hospital Institutions Present Opportunity for Investment Firms and Consultants

Investment consultants and asset managers should consider OCIO, LDI, and risk analysis to work effectively with these largely underserved institutions

The Cerulli Edge—U.S. Institutional Edition, 2Q 2019 Issue

Alternatives Gain Traction in India

Regulations, increasing wealth, and managers’ interest support the growth trend

The Cerulli Edge—Asian Monthly Product Trends Edition, April 2019 Issue

U.S. Active Managers Evaluate Launching Nontransparent ETF Products

These structures offer enhanced liquidity and tax-efficiency as opposed to a mutual fund structure, but transparency is a key trade-off

The Cerulli Edge—U.S. Monthly Product Trends Edition, April 2019 Issue

Nearly $6 Trillion Is Managed By Advisors Who Would Benefit from Embracing Asset Allocation Models

A focus on portfolio management frequently undermines practices’ overall development

The Cerulli Report―U.S. Asset Allocation Model Portfolios 2018

High-Net-Worth Market Presents Growing Opportunity for U.S. Advisory Practices

A well-diversified service offering that aligns with HNW investors sets wealth managers apart

The Cerulli Edge—U.S. Advisor Edition, 2Q 2019 Issue

Small-Business Owners Report Greater Trust in Financial Services Companies over Associations or Government Entities to Provide Retirement Plans

Recent survey sponsored by the SPARK Institute and conducted by Cerulli Associates

Alternatives Gain Prominence Among Asia’s Institutions

Co-investments stand out as an avenue for both managers and investors to consider

The Cerulli Edge―Asia-Pacific Edition, 2Q 2019 Issue

Frontier Markets Are Worth Exploring

Several regions look promising as the headwinds abate

The Cerulli Edge—European Monthly Product Trends Edition, March 2019 Issue

Australia Still Attractive Despite Reputation Damage

Impact from Royal Commission mainly on distribution and advice

The Cerulli Edge—Asian Monthly Product Trends Edition, March 2019 Issue

U.S. Mutual Fund Assets Start 2019 with Almost 9% Growth

Net flows have contributed to growth, with funds adding $36.7 billion in January 2019 and $29.2 billion in February

The Cerulli Edge—U.S. Monthly Product Trends Edition, March 2019 Issue

Alternative Managers Should Listen to Asset Owners and Increase Their Focus on Responsible Investment

Research from Cerulli Associates and UN PRI shows that investors seek products that achieve a targeted return while doing good for society and the environment

The Cerulli Report—European Alternative Investments 2019: The Evolving Integration of ESG

Outsourced CIO at an Inflection Point

New findings from a Cerulli research survey reveal strong OCIO growth ahead, but institutions are demanding more

Research study on behalf of BlackRock: OCIO at an Inflection Point: Strong Growth Ahead, but Institutions Are Demanding More

ESG Faces Headwinds to Adoption in U.S. Defined Contribution Market

Plan sponsors’ ESG preference takes a back seat to performance and price

The Cerulli Edge—U.S. Retirement Edition, 1Q 2019 Issue

Complexity and Definitional Ambiguity Challenge Strategic Beta Adoption

Less than one-quarter of advisors report using strategic beta products

The Cerulli Edge—U.S. Asset and Wealth Management Edition

Property Funds Are Set for a Good Year, Despite Liquidity Worries

While liquidity concerns loom, the need for diversification will continue to fuel demand

The Cerulli Edge—Global Edition, March 2019 Issue

Phased Implementation Eases Long Transition to Platform Consolidation

Firms should plan consolidated platform projects in stages to build advisor support

The Cerulli Edge—U.S. Managed Accounts Edition, 1Q 2019 Issue

Private Equity Investors Seek Alternative Fund Structures for Flexibility and Control

The Cerulli Edge—U.S. Monthly Product Trends Edition, February 2019 Issue

Mega Teams Wield Control of Nearly Two-Thirds of Industry Assets Across All Channels

Scale and specialization to deliver an enhanced client experience and drive growth

The Cerulli Report—U.S. Advisor Metrics 2018: Reinventing the Client Experience

Advised U.S. Investors Prefer Fees to Commissions

Fee preferences are largely bifurcated between do-it-yourselfers and outsourcers

The Cerulli Edge—U.S. Retail Investor Edition, 1Q 2019 Issue

Regulatory Advantages and Demand for Low-Cost Vehicles Spark CIT Growth in the U.S.

Further education and custom fee arrangements key to maintaining growth

The Cerulli Edge—U.S. Institutional Edition, 1Q 2019 Issue

Bond Funds Are Set to Rebound in 2019

Passives are likely to see the fastest growth

The Cerulli Edge—European Monthly Product Trends Edition, February 2019 Issue

Huge Potential for Asia’s Target-Date Funds

Still in their infancy, assets are poised to take off as populations age

The Cerulli Edge—Asian Monthly Product Trends Edition, February 2019 Issue

U.S. Firms Turn to Multi-Asset-Class Solutions to Diversify Product Lines

Maintaining positive asset flows during volatile periods demands creative product differentiation and packaging

The Cerulli Edge—U.S. Asset and Wealth Management Edition, February 2019 Issue

Asset Managers Are Eyeing Trade Finance

Despite the challenges involved in acquiring the asset class, investor demand is high

The Cerulli Edge—Global Edition, February 2019 Issue

Emerging Market Funds with an ESG Dimension Offer Opportunities for European Managers and Investors

Scope for more environmental, social, and governance EM funds

The Cerulli Edge—European Monthly Product Trends Edition, January 2019 Issue

Fixed-Income Mutual Funds and ETFs Attract Significant Net Flows During 2018

Advisors commonly use taxable and municipal fixed income to achieve downside risk protection

The Cerulli Edge—U.S. Monthly Product Trends Edition, January 2019 Issue

Big Accounts Out, Small Accounts In: Current Dynamics in the 401(k) Market

Creating Opportunity Amidst Negative Net Flows in the Mature 401(k) Market

The Cerulli Report—U.S. Retirement Markets 2018: Creating Opportunity Amidst Net Outflows

Asia’s Growth Story Continues

Markets remain dynamic and evolving despite global volatility

The Cerulli Edge—Asia-Pacific Edition, 1Q 2019 Issue

Client Experience-Centric Advisor Practices Have a 93% Higher Median Client Size

The Cerulli Report—U.S. Advisor Metrics 2018: Reinventing the Client Experience

Technology Playing Bigger Role in Fund Distribution

Asset managers should consider partnering, rather than competing with, fintech start-ups

The Cerulli Edge—Asian Monthly Product Trends Edition, December 2018 Issue

ESG Investing: Connecting Conversation to Actual Investment

Cerulli reports that retail client channel awareness on the topic of environmental, social, and governance (ESG) investing is growing; however, asset managers should focus on converting interest into investment opportunities

The Cerulli Report—U.S. Product Development 2018: Priorities for Active Managers

Increased Education Necessary for HSAs to be Considered a Worthwhile Retirement Benefit

Many Participants Unaware of HSA Investment Opportunities

The Cerulli Edge—U.S. Retirement Edition, 4Q 2018 Issue

Health and Hospital Systems Leveraging Defined Benefit (DB) Plans to Recruit and Retain Talent

Asset managers must tailor their approach for this subset of plans

The Cerulli Report—North American Institutional Markets 2018: Asset Owners and the New Regulatory Environment

U.S. ETF Product Development Trends Point to More ETF Subadvisory Mandates

ETFs are an increasingly important focal point for subadvisory opportunity

The Cerulli Edge—U.S. Asset and Wealth Management Edition, December 2018 Issue

Demand for Single-Sector Equity Exchange-Traded Funds on the Rise

Europe’s investors undeterred by risks attached to such products

The Cerulli Edge—European Monthly Product Trends Edition, November 2018 Issue

Independent Broker/Dealer (IBD) Growth Surpasses Regional, National, and Wirehouse Channels

Across all B/D channels, IBDs have experienced the greatest asset and headcount growth over the past five years

The Cerulli Report—U.S. Broker/Dealer Marketplace 2018: Escalating Margin Pressure

Competition From Insurer-Owned Asset Managers Is Increasing

Traditional managers must focus on niche products and clients’ specific needs

The Cerulli Edge—Global Edition, November 2018 Issue

Digital Tools Drive Advisor Efficiency and Optimize Client Engagement

Cerulli’s latest report finds the human element of discovery is irreplaceable, the best use of technology is to enable advisors to spend more time in client-facing activity

The Cerulli Report—U.S. Retail Investor Advice Relationships 2018: Optimizing Engagement

Tech-Driven Platforms Address Challenges Associated with U.S. Alternative Investments

The Cerulli Edge—U.S. Monthly Product Trends Edition, October 2018 Issue

Smaller U.S. Institutions Relying More Heavily on Third Parties

The Cerulli Edge—U.S. Institutional Edition, 4Q 2018 Issue

Asian Sovereign Funds’ Alternative Plays Offer Potential

Opportunities also lie in co-investments with the more sophisticated funds

The Cerulli Edge—Asia-Pacific Edition, 4Q 2018 Issue

“Free” Asset Allocation Models Threaten U.S. Third-Party Strategists

The Cerulli Report—U.S. Managed Accounts 2018: Asset Allocation Models & Platform Consolidation

Nearly 40% of U.S. Advisors Are Using Alternative Investments

The Cerulli Report - U.S. Alternative Investments 2018: Accessing Evolving Alternative Platforms

U.S. Wealth Managers Building Out ESG Capabilities for Investors and Advisors

The Cerulli Edge - U.S. Asset and Wealth Management Edition, September 2018 Issue

Opportunities and Challenges in the Notoriously Opaque Market of the Gulf Cooperation Council Countries

The Cerulli Report — Asset Management in the Middle East 2018: Pockets of Addressability

Managers Must Help Insurers Achieve Portfolio Harmony

As rate hikes loom, selectivity, duration, and timing are crucial when adding investments

The Cerulli Edge - Europe Edition, 3Q 2018 Issue

Risk Reluctance: Three-Quarters of U.S. Investors Prefer Protection Over Alpha

The Cerulli Edge - U.S. Retail Investor Edition, 3Q 2018 Issue

Product Partnerships Key to Accessing Southeast Asian Retail Assets

Meanwhile, the institutional segment has seen more outsourcing activity

The Cerulli Report - Asset Management in Southeast Asia 2018: Building Strength and Scale

The Global Fund Management Outlook Is Positive, With Emerging Markets Leading the Way

The expansion of the middle class in countries such as India and China, and the development of new technology are creating opportunities for asset managers

The Cerulli Report - Global Markets 2018: Breaking Down Barriers as Opportunities Evolve

U.S. Banks and Recordkeepers Missing HENRY Opportunity

The Cerulli Edge - U.S. Asset and Wealth Management Edition, August 2018 Issue

China Opens Doors Wider to Funds Market

Foreign managers now have more options to access Chinese assets

The Cerulli Report - Asset Management in China 2018: New Horizons in an Era of Reforms

EU's Privacy Regulation Still a Work in Progress for Asset Managers

Using third-party service providers adds to the complexity

The Cerulli Edge - Global Edition, August 2018 Issue

Money Management Institute and Cerulli Associates to Consolidate Investment Advisory Solutions Industry Data

Industry Leaders to Combine Previously Separate Efforts

Political Renewal, Regional Amnesties Generate Opportunities for Cross-Border Managers in Latin American Retail Market

The Cerulli Report - Latin American Distribution Dynamics 2018: New Opportunities for Cross-Border Products

Shariah Investments Gain Further Ground

Malaysia remains Asia's biggest Shariah funds market, followed by Indonesia

The Cerulli Edge - Asian Monthly Product Trends Edition, July 2018 Issue

U.S. Taxable Bond ETFs Lead All Other Asset Classes in Net Flows

The Cerulli Edge - U.S. Monthly Product Trends Edition, July 2018 Issue

Japan Funds on Track for Further Growth

An Olympic Games boost may help allay worries about a sales-tax hike

The Cerulli Edge - European Monthly Product Trends Edition, July 2018 Issue

Taking Accounting Rules Changes into Consideration, ETF Issuers Pursue Insurance General Accounts

The Cerulli Edge - U.S. Institutional Edition, 3Q 2018 Issue

Breaking into DC Pensions' Default Funds Will be Vital for European Asset Managers

With most DC savers ending up in the default fund, managers must find a way to access this ever-increasing pool of assets

The Cerulli Report - European Institutional Dynamics 2018: Identifying Opportunities by Channel and Market

European Insurers Want Asset Managers to Work with Them as Partners

Managers should be building strong insurance teams and adopting a solution-based approach

The Cerulli Report - European Insurance Industry 2018: Embracing the New Normal

Billion-Dollar RIAs Face Growing Pains

The Cerulli Edge - U.S. Advisor Edition, 3Q 2018 Issue

Offshore Funds Set to Continue Reign in Asia

Push for funds to be locally domiciled is unlikely to dent offshore dominance

The Cerulli Edge - Asia-Pacific Edition, 3rd Quarter 2018 Issue

Race to the Bottom in U.S. Asset Management Fees Accelerates

The Cerulli Edge - U.S. Asset and Wealth Management Edition, July 2018 Issue

AI and Big Data Enabling ESG Investors to Clear the 'Poor Disclosure' Hurdle

New environmental, social, and governance investment themes are appearing

The Cerulli Edge - Global Edition, July 2018 Issue

Participants Don't Know What to Do with Their 401(k) Savings at Retirement

The Cerulli Edge - U.S. Retirement Edition, 2Q 2018 Issue

For U.S. 401(k) Plans, Retirement Income May Be Next on the Agenda

The Cerulli Edge - U.S. Asset and Wealth Management Edition, June 2018 Issue

Scalable Solutions Key in Shrinking Insurance and Pension Markets

Asset managers in Europe need to adapt to continuing marketspace consolidation

The Cerulli Edge - Global Edition, June 2018 Issue

Income Rules Over New Ideas

Though new product concepts are emerging, income remains a top priority for Asian investors

The Cerulli Edge - Asian Monthly Product Trends Edition, June 2018 Issue

70% of IRA Assets Held by Individuals Age 60 and Older, Totaling Nearly $6.5 Trillion

The Cerulli Report - U.S. Retirement End-Investor 2018: IRA Owners and 401(k) Plan Participants

Taking the Path to Long-Term Profitable Growth

Managers get ready to face regulatory and digital challenges amid fee pressures

The Cerulli Report - Asian Distribution Dynamics 2018: Re-Orienting Business Strategies

U.S. Advisor Adoption of ESG Strategies Remains Limited, Despite Increased Conversation

The Cerulli Edge - U.S. Monthly Product Trends Edition, June 2018 Issue

Multi-Factor Set to be the New Plain Vanilla in Smart Beta

Providers digging deep to achieve incremental returns

The Cerulli Edge - European Monthly Product Trends Edition, June 2018 Issue

Choice Architecture: Less is More

The Cerulli Report - U.S. Retail Investor Products and Platforms 2018: Defining Client Experience Through Choice Architecture

New Product Incubation Opportunities in the U.S. Move from Wirehouses to RIAs

The Cerulli Edge - U.S. Managed Accounts Edition, 2Q 2018 Issue

U.S. Mutual Fund Assets Continue Downward Slide for the Third Straight Month

The Cerulli Edge - U.S. Monthly Product Trends Edition, May 2018 Issue

ETFs in Asia: A Nascent Sector Gains Momentum

Asset growth is outpacing that of mutual funds

The Cerulli Edge—Asian Monthly Product Trends Edition, November 2018 Issue

Japan's Artificial Intelligence Funds on the Rise

The popularity of artificial intelligence (AI) and robotics funds is partly due to their long-term growth stories

The Cerulli Edge - Asian Monthly Product Trends Edition, May 2018 Issue

European Small Caps Hold Up Better in Troubled Times

Smaller cap funds should consider a performance fee

The Cerulli Edge - European Monthly Product Trends Edition, May 2018 Issue

Fee Pressure is Growing for Europe's Active Managers

Investors in passive funds are now looking for more than just low costs

The Cerulli Edge - Europe Edition, 2Q 2018 Issue

Share of Subadvised U.S. Mutual Fund Assets Shifting from Unaffiliated Single-Subadvisor to Multi-Subadvisor Arrangements

The Cerulli Report - U.S. Subadvisory Marketplace 2018: Shifting Product Use Drives a Changing Landscape

Subadvisory Is One of the Fastest-Growing Opportunities for Asset Managers in Europe

Subadvisory is already attracting approximately 5.4% of today's total European mutual fund and exchange-traded fund net inflows

The Cerulli Report - European Distribution Dynamics 2018: Addressing a Shifting Landscape