New Global Revenues Whitepaper from ISS Market Intelligence: Growing Revenues, Not Assets, New Name of the Game
Even with market share falling below 50% for the first time in the U.S. in 2023, the analysis quantifies active funds generating an estimated 86% of the revenues generated by long-term funds in 2023.
Under Pressure: U.S. Fund Managers Have A Revenue Growth Problem
The relationship between AUM and revenue growth has frayed. With assets growing fastest in places where fees are low, new AUM generates less revenue growth than it would have in earlier eras.