KUALA LUMPUR, Nov 8 (Bernama) -- Linedata, a global provider of asset management and credit technology data and services, has unveiled its tenth Global Asset Management Survey Report in partnership with leading financial services insights and advisory firm Aite Novarica.
The survey highlights the current state of the industry, operational and technology trends that are shaping day-to-day practices and how the industry will continue to evolve, according to a statement.
Since the last survey was conducted, in 2019, much has changed from a global, regional and industry perspective.
As the world navigates the changing nature of modern-day investing and ever-evolving customer needs, there are a few factors that are clearly shaping asset management – ESG, cybersecurity, transparency, artificial intelligence and machine learning.
Some key trends identified from the survey include the fact that 67 per cent of respondents have prioritised the integration of ESG factors into their investment strategy; 35 per cent of firms reported being most concerned about how cybersecurity will impact their business; and more than 62 per cent of respondents agree AI and ML use cases have grown year-over-year.
For the asset management industry, resiliency and adaptability to the shifting landscape is crucial for success.
The COVID-19 pandemic has shifted demand, making the future of the industry refocus and emphasise its attention on technology that will drive forward customer and client satisfaction, as well as operational simplicity across the board.
The survey was deployed online during May and June 2021. The respondents are 200 asset managers, hedge funds, fund administrators, banks, wealth managers and custodians across Europe, North America and Asia.
-- BERNAMA
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