Capital Group CEO Sees More M&A Coming for Active Asset Managers
The global asset management industry is poised for more consolidation as active funds react to being squeezed by passive investment products, according to Capital Group Chief Executive Officer Mike Gitlin.
By Bernadette Toh, Sheryl Tian Tong Lee (News) · Bloomberg
The global asset management industry is poised for more consolidation as active funds react to being squeezed by passive investment products, according to Capital Group Chief Executive Officer Mike Gitlin.