Moody’s predicts volatile year for asset managers

Ratings agency Moody’s warns that despite asset managers remaining “resilient” in 2011, “another volatile year” for the industry lies ahead in 2012.

Moody’s believes depressed global growth and economic uncertainty will impact results during 2012.

Neal Epstein, vice president at Moody’s, says: “Disappointing returns and relatively high fees on actively managed products are causing investors to reconsider their allocations. (article continues below)

“Well-diversified managers that can field alternative and passive products will have competitive advantages in the year ahead.”