Multi-asset a ‘clear growth opportunity’, State Street survey shows

first_imgAndrew Wilson, head of asset manager solutions for the UK at State Street, said: “An overwhelming majority see growth coming from multi-asset solutions, and changes in investor demand in general.”Multi-asset was cited by 67% as the investment strategy type that will most drive growth over the next three years.The next most favoured strategy was traditional actively managed equity, at 17% of the respondents, although there were regional variations: for example, multi-asset was cited as the key growth area by 80% of Australian firms, whereas only 53% of UK firms agreed – here, 30% believe traditional actively managed equity will be the greatest source of growth.Clients are moving to outcome-orientated solutions – cash-plus, inflation-plus or specific income stream-generation, for example – rather than traditional beta-focused products, Wilson observed.“The shift from DFB to DC is certainly part of the explanation for this,” he added.However, 74% of managers said few firms are “currently equipped to thrive when offering multi-asset solutions”.This is reflected in a strong focus on risk management, with 36% planning significant investment in data integration, 39% in performance analytics and 48% in risk analytics.Addressing talent gaps will be a focus on moderate or significant investment for 53% of managers, while 64% will be investing in skills training.This investment will happen against a difficult background for revenue and profit growth – despite the anticipated growth in assets under management.“Increasing pressure on fees and the rising cost of both talent and regulation is squeezing margins, leading to a lot of activity to improve operating efficiencies,” Wilson said.More than half of those surveyed saw significant opportunities to deliver this from within their organisations, while 28% looked to acquisition as a major opportunity to improve operating efficiency.Europe is ripe for a consolidation of fund products, Wilson suggested.The survey of 300 senior executives at asset management firms – split evenly between North America, Europe and Asia Pacific – was conducted during April and May 2014 by the Financial Times Group’s FT Remark, on behalf of State Street. Asset managers are bullish on the growth of their businesses and expect that growth to be driven by competition over more home-market demand for outcomes-based investment solutions such as multi-asset products, according to a global survey unveiled by State Street in London.Just over half of the 300 managers surveyed believe growth for their business will be strongly positive over the next 12 months.While 47% plan to expand into new countries or regions over the next three years, three-quarters see their existing country markets as the greatest growth opportunity – with 85% citing regulatory barriers as the number-one challenge when expanding into new markets.North American managers expect most growth in existing products and markets, whereas European managers see the greatest opportunities in new products and markets – although Germany-based managers were the least likely to be looking abroad for growth.last_img read more

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KL Rahul should bat more responsibly, says Bangar

first_imgSydney: Indian batting coach Sanjay Bangar feels KL Rahul should play responsibly being an experienced player of the side.While five different Indian batsmen notched up their respective half-centuries against Cricket Australia XI in the warm-up game here on Thursday, Rahul failed to make a significant contribution after falling for just three runs.”He (Rahul) is not a young player anymore and he is on his second tour here. He has played 30 Tests and he has a responsibility. We expect him to play with that responsibility and play his role for the team,” Bangar told reporters here.”He (Rahul) has been looking in good shape, including today. It is just that he is finding new ways to get out. Even today, the ball was quite afar when he played it away from his body and lost his wicket. But what we are reading he is playing the ball well and he is one hit away (from form),” the batting coach expressed.”We know his ability and if he converts that to performances then it is important for the team.”The 46-year-old also said that the opening combination and as the number six slot for the first Test in Adelaide are still up for grabs and the team management will take a call on it after the second innings of the ongoing game.”I would say there are still some spots to be taken. We will keep a close eye on how the second innings goes and it gives some other batsmen a hit especially Murali Vijay and middle order batsmen, and see how they go,” said Bangar.”There are certain spots to be taken still. We are looking at the opening slot as well as the number six slot. Those are the positions we are still looking at, we have not decided yet,” he added.Praising youngster Prithvi Shaw (66 runs off 69 deliveries), who slammed a half-century, on Thursday, the batting coach said: “He has made a mark straightaway in whichever format he has played limited overs or first-class cricket, Irani Trophy, Ranji Trophy, Duleep Trophy or India A. He has shown he can adapt to the conditions and to the stage as well.””He plays with a lot of clarity and the impressive thing about him is that he gets into good positions with a clarity of mind and fearlessness of youth that helps him quite a bit,” Bangar pointed out. IANS Also Read: Sports Newslast_img read more

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Šetkić in the Second Round of ITF Futures Tournament in Istanbul

first_img(Source: Fena) Šetkić, who is the first holder of the tournament defeated in the first round a Turkish player Altug Celikbilek with 6:2, 6:1. B&H tennis player Aldin Šetkić is qualified in the second round of ITF Futures tournament in Istanbul, worth 10.000 dollars.center_img In the match to qualify for quarterfinals Šetkić will play against the winner of the match Matija Pecotić (CRO) – Muhhamet Haylaz (TUR).last_img

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GARDAI CALLED TO DISTURBANCE IN LETTERKENNY

first_imgA number of Gardai were called to the scene of a major disturbance in Letterkenny this evening.An incident happened at a house in the Long Lane area of the town after 10pm.An ambulance was called to the scene after a man received injuries. A number of Gardai rushed to the scene.It is not known yet if there have been any arrests. GARDAI CALLED TO DISTURBANCE IN LETTERKENNY was last modified: February 18th, 2012 by StephenShare this:Click to share on Facebook (Opens in new window)Click to share on Twitter (Opens in new window)Click to share on LinkedIn (Opens in new window)Click to share on Reddit (Opens in new window)Click to share on Pocket (Opens in new window)Click to share on Telegram (Opens in new window)Click to share on WhatsApp (Opens in new window)Click to share on Skype (Opens in new window)Click to print (Opens in new window) Tags:DISTURBANCEGardailetterkennyLong Lanelast_img read more

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