Resource title

The Global asset management industry: competitive structure, conduct and performance

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This paper begins with a schematic of asset management in a flow-of-funds context, identifying the types of asset-management functions that are performed and how they are linked into the financial system. It then assesses in some detail the three principal sectors of the asset management industry -mutual funds, pension funds and private clients, as well as foundations, endowments, central bank reserves and other large financial pools requiring institutional asset management services. Relevant comparisons are drawn between the US , Europe, Japan and selected emerging-market countries. This is followed by a discussion of the competitive structure, conduct and performance of the asset management industry, and its impact on global capital markets.

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en

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application/pdf

Resource resource URL

http://flora.insead.edu/fichiersti_wp/inseadwp1998/98-36.pdf

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Copyright INSEAD. All rights reserved