Salim Ramji, one of the report’s lead authors, believes that the better-positioned firms are those that have added alternative funds, retirement products or ETFs.
“What the industry needs to do is find those sources of new flows,” Ramji said in the article. “The sources of flows are very different than what they have been in the past.”
The McKinsey & Co. report discovered that passive products, “solutions” products like retirement funds and alternative funds attracted $1.3 trillion in new assets from 2008 to mid-2012.
For more information on the fund industry, visit our mutual funds category.
Max Chen contributed to this article.