'Digitally mature' asset managers' inflow performance 4x better than slow adopters

'Great ambition'

Asset management firms with sophisticated digital infrastructure demonstrated four-times stronger net AUM performance than those slower to invest in their technological capabilities over the last 12 months, a period which saw the sector nearly double its digital spending.

Research published by consultancy Alpha FMC showed some of the world's largest asset managers spent an average each of £17m on digital innovation, compared to £9m at the same time last year, as the industry responds to growing client expectations of technological sophistication. Allianz's Dwane: We're on the edge of a 'techcold war' The Digital Readiness Survey of 31 of the world's largest money managers, which combined AUM of £18trn, found 73% said shifting customer and client expectations of digital sophistication as the biggest driver of spending. Meanwhile, 56% said they were conc...