P&I Online readers believe alternatives will be the best growth opportunity for money manager asset growth.
Thirty-two percent of readers chose alternatives as the answer to last week's poll question: “Based on what drove money manager AUM growth in 2013, what do you think will be the main driver in 2014?” Alternatives beat the second most common answer “strong equity markets” by almost 10 points. The remaining answers include defined contribution, 17%; indexing, 15%; solutions, 8%; and other, 6%.
The question was asked as part of Pensions & Investments' Largest Money Managers report. For the first time, money manager AUM surpassed its pre-crisis levels. Factors attributed to the rebound were the choices in the poll question.