Asset managers prioritise investment in data management infrastructure in AUM growth drive

'Incredible amount of pressure'

Asset managers are ramping up their investments into data management infrastructure, as technological disruption, economic change and the need for better client outcomes put pressure on the sector.

According to a FE fundinfo survey of 103 UK asset managers with at least £1bn in assets under management, 79% of firms considered data intelligence increasingly important, with 48% planning to significantly invest in data management infrastructure, while 88% agreed that accurate and timely data is essential in the context of driving asset growth. In addition, 47% of respondents saw asset growth as a top challenge over the next three years, highlighting the pressure of rising costs and narrower margins on returns across the industry. TILLIT removes five funds from recommended list foll...