Fitch Ratings: Investment managers with mass retail focus suffer weaker flows

Profitability remains robust

Fitch Ratings has found global traditional investment managers are experiencing mixed fortunes in the current environment, with the type of clients they serve a key factor when it comes to inflows and outflows.

According to the ratings agency, companies with a mass retail focus - such as Jupiter Asset Management and Anima - have seen weaker net flows compared to those targeting institutional and high-net-worth clients. This was because investors within the latter category tended to be "more stable...