logo-loader
Moody's Corporation

Fund managers placed on negative by Moody’s

Investors have been served a bleak outlook by ratings agency Moody’s on Tuesday

shutterstock_269244587.jpg
Funds no longer square up in Moody's assessment

Investors have been served a bleak outlook by ratings agency Moody’s (NYSE:MCO) on Tuesday.

The agency has shifted its outlook for the global asset management industry from “stable” to “negative” as the growth of passive investment strategies continues to threaten fees in the industry.

The ratings agency said increased regulation and “underwhelming” performance from active managers compared with cheaper passive investment funds have “disrupted” the industry.

Quick facts: Moody's Corporation

Price: $214.29

Market: NYSE
Market Cap: $40.54 billion
Follow

Add related topics to MyProactive

Create your account: sign up and get ahead on news and events

NO INVESTMENT ADVICE

The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...

FOR OUR FULL DISCLAIMER CLICK HERE

Watch

Full interview: Arcadia Biosciences makes major progress on its hemp venture...

Arcadia Biosciences Inc (NASDAQ:RKDA) CEO Raj Ketkar tells Proactive the California-based company expects to “significantly scale revenues in 2020” as it reported financial and business results for the second quarter and first half of 2019. Ketkar says the agricultural innovation company made...

15 hours, 38 minutes ago

2 min read