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Fund managers placed on negative by Moody’s

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

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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.

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NYSE:MCO
Market: NYSE
Market Cap: $52.71 billion
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