LIMITED ACCESS
ASSET MANAGERS
LIMITED ACCESS
ASSET MANAGERS
State Street 2014 Asset Manager Survey
On behalf of State Street, FT Remark conducted a glob...
LIMITED ACCESS
ASSET MANAGERS
48%
24%
Expected Sources of Growth: Business Strategy
3
28%
72%
New Country Markets
Developi...
LIMITED ACCESS
ASSET MANAGERS
Few asset managers are currently
equipped to thrive when offering
multi-asset solutions
Chal...
LIMITED ACCESS
ASSET MANAGERS
Challenges to Growth: Building Internal Expertise
5
21%
21%
19%
13%
18%
8%
20%
15%
10%
13%
4...
LIMITED ACCESS
ASSET MANAGERS
Capitalizing on New Opportunities: Number of Distribution Channels
6
Please indicate which o...
LIMITED ACCESS
ASSET MANAGERS
Capitalizing on New Opportunities: Investment in Front Office Capabilities
7%
4%
3%
13%
6%
2...
LIMITED ACCESS
ASSET MANAGERS
The Bottom Line • Asset managers must prioritize those shortcomings that hinder immediate
gr...
LIMITED ACCESS
ASSET MANAGERS
Disclaimer
This document is for marketing and/or informational purposes only, it does not ta...
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Frontline Revolution: The New Battleground for Asset Managers

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As investment demands shift and competition intensifies, asset managers are competing across a number of fronts to unlock a new wave of growth.

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Frontline Revolution: The New Battleground for Asset Managers

  1. 1. LIMITED ACCESS ASSET MANAGERS
  2. 2. LIMITED ACCESS ASSET MANAGERS State Street 2014 Asset Manager Survey On behalf of State Street, FT Remark conducted a global survey of 300 senior executives at asset management firms globally during April and May 2014, to examine the future outlook for the sector. Respondents were equally distributed across North America, Europe and Asia Pacific. About the Research 2 43% 17% 19% 12% 7% 2% US$5-$24bn US$25-$49bn US$50-$99bn US$100-$200bn US$200-$499bn US$500bn or greater Source: State Street 2014 Asset Manager Survey, conducted by FT Remark 78% 17% 5% Both retail and institutional Institutional only Retail only Respondents by Size (Assets under Management) Respondents by Type of Assets Managed
  3. 3. LIMITED ACCESS ASSET MANAGERS 48% 24% Expected Sources of Growth: Business Strategy 3 28% 72% New Country Markets Developing new products for existing markets Growing market share of existing products in existing markets 20% 8% Existing Country Markets Bringing existing products to new markets Developing new products for new markets Which of these is the greatest growth opportunity for your business over the next three years? Source: State Street 2014 Asset Manager Survey, conducted by FT Remark
  4. 4. LIMITED ACCESS ASSET MANAGERS Few asset managers are currently equipped to thrive when offering multi-asset solutions Challenges to Growth: Asset Managers Acknowledge a Capability Gap 4 67% 74% Multi-asset solutions are the investment strategy that will contribute most to business growth over the next three years Source: State Street 2014 Asset Manager Survey, conducted by FT Remark 76% say that changing client demands are causing a fundamental shift in their overall business strategy
  5. 5. LIMITED ACCESS ASSET MANAGERS Challenges to Growth: Building Internal Expertise 5 21% 21% 19% 13% 18% 8% 20% 15% 10% 13% 40% 2% 0% 20% 40% 60% Building the necessary internal expertise Selecting the right distribution platform(s) Determining the optimal fund structure/domicile Creating the necessary operational and technology infrastructure Overcoming regulatory barriers Gaining internal consensus on strategy Single biggest challenge when launching new products in existing markets Single biggest challenge when entering new markets What is the single biggest challenge for your firm when launching new products in your existing markets or expanding to new markets? Source: State Street 2014 Asset Manager Survey, conducted by FT Remark 55% report that distribution challenges deter them from investing in otherwise highly attractive markets
  6. 6. LIMITED ACCESS ASSET MANAGERS Capitalizing on New Opportunities: Number of Distribution Channels 6 Please indicate which of the following will be likely for your business over the next three years. 49% 32% 19% There will be no change Will increase number of distribution channels Will decrease number of distribution channels Source: State Street 2014 Asset Manager Survey, conducted by FT Remark
  7. 7. LIMITED ACCESS ASSET MANAGERS Capitalizing on New Opportunities: Investment in Front Office Capabilities 7% 4% 3% 13% 6% 20% 11% 11% 11% 28% 29% 26% 33% 39% 50% 28% 37% 36% 48% 46% 36% 31% 27% 17% 0% 20% 40% 60% 80% 100% Risk analytics Performance analytics Data integration Acquiring new talent to resource higher volume of business Skills training Acquiring new talent to address capability gaps None Minimal Moderate Significant 7 What level of investment in your front office capabilities is required to support your business over the next three years? Source: State Street 2014 Asset Manager Survey, conducted by FT Remark 91% believe that asset managers who provide the greatest degree of transparency to clients have a competitive advantage in attracting new assets
  8. 8. LIMITED ACCESS ASSET MANAGERS The Bottom Line • Asset managers must prioritize those shortcomings that hinder immediate growth prospects • The most innovative asset managers are already adjusting to new customer demands, transforming single asset products into fully-serviced solutions • Leaders are investing heavily in the tools and capabilities required to thrive in this more specialised and testing environment Conclusion: How Asset Managers Can Secure Competitive Advantage 8 Transformation • Enhance operational efficiency and focus on enterprise-wide agility • Master regulatory compliance so that regulation is no longer an obstacle to growth Tools • Upgrade the front office to support new growth segments and more complex multi-asset solutions • Deploy advanced tools to deliver a more outcome-based perspective on investment risk and performance Talent • Identify where the new solution set require different skills; augment your capabilities with the right blend of in-house and external support
  9. 9. LIMITED ACCESS ASSET MANAGERS Disclaimer This document is for marketing and/or informational purposes only, it does not take into account any investor's particular investment objectives, strategies or tax and legal status, nor does it purport to be comprehensive or intended to replace the exercise of a clients own careful independent review regarding any corresponding investment decision or review of our products and services prior to making any decision regarding their utilization. This does not constitute investment, legal, or tax advice and is not a solicitation to for products or services or intended to constitute any binding contractual arrangement or commitment by State Street and/or any subsidiary referenced herein to provide securities services. State Street hereby disclaims all liability, whether arising in contract, tort or otherwise, for any losses, liabilities, damages, expenses or costs arising, either direct or consequential, from or in connection with the use of this document and/or the information herein. This document contains certain statements that may be deemed forward-looking statements, which are based on certain assumptions and analyses made in light of experience and perception of historical trends, current conditions, expected future developments and other factors believed appropriate in the circumstances. CORP-1031E Expiration Date: 06/30/2015 9

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