Put pressure on manager fees, says State Street’s Gerard
Some big institutions find index-based investment harder than they expect and should push asset managers to cut fees instead of trying do it themselves, says a State Street executive.
Too many institutional investors are rushing to get into running passive indexed portfolios, when they should be pressing external fund houses to cut fees, says Daniel Gerard of State Street, a big provider of index products. He also pointed to the dilemma such entities face when it comes to insourcing investment management.
Sign In to Your Account
Access Exclusive AsianInvestor Content!
Please sign in to your subscription to unlock full access to our premium AI resources.
Free Registration & 7-Day Trial
Register now to enjoy a 7-day free trial—no registration fees required. Click the link to get started.
Note: This free trial is a one-time offer.
¬ Haymarket Media Limited. All rights reserved.