The US Has Passed Peak Savings
The risks posed to the asset management industry by low-cost tracker funds, and Robo-advisers have been well documented, and while these risks should not be ignored, there’s an even larger threat to the industry emerging.
Unlike the rise of index funds and Robo-advisers, asset managers will not be able to diversify their way around this menace. Instead, managers will have to adjust to the new normal shrinking down to size or merging to stay alive.
The threat I’m talking about is peak savings.
Asset Managers Threatened As Robo Advisors Prowl
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