Over the last few decades, many asset management firms have experienced levels of decreasing or low profitability. Strategic decisions in asset management firms are thus being Increasingly confronted with the need to anticipate changes In the Industry structure and the dynamics of these changes to (re)position Itself along the four core criteria of success In that very Industry. These four key factors can be Illustrated by providing access to hard-to-get securities at a product level, In offering superior diversification potential and sufficient liquidity to customers when looking at portfolios, and fourth, In differentiating oneself at a firm level by means of lower transaction costs. One concept that allows these demands to be met by the general asset management Industry Is collective Investment schemes, such as mutual funds.


Mutual Fund Manage Mutual Fund Mutual Fund Industry Bond High Yield Mutual Fund Market 
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© Gabler | GWV Fachverlage GmbH 2009

Authors and Affiliations

  • Andreas Mattig

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