Fixed-income managers face diminishing returns, rising rates and inflation fears in 2021 following a very strong 2020.
ETF assets under management have soared in recent years to $6.6 trillion as of Dec. 31.
The global institutional AUM of nearly 500 money managers grew 10.8% over the year despite the economic upheaval sparked by the pandemic.
Alternative managers agree few scenarios anticipated at the dawn of the pandemic came to pass, and trends accelerated in unexpected ways.
Amid big gains by big defined contribution managers, other players find ways to grow in influence and in AUM.
Executives at Edinburgh-based Baillie Gifford recognized the need to have an on-the-ground presence in certain markets — namely, China.