Recent market calamities will continue to put a damper on asset growth and margins, as investors are likely to continue to embrace more conservative, lower-fee investment choices, Kasina predicts.
In light of the 10% market correction this quarter, Kasina analyzed the operating profits of 17 publicly traded asset managers, and found that operating margins have already decreased from 31.3% to 29.7%. Conversely, in the second quarter, operating margins rose from 30.4% to 31.3% from the previous quarter.
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