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Assets rebound from depths of pandemic
Assets rebound from depths of pandemic
Managers see 10.8% growth for all of 2020, after early declines in March and April
Jeffrey A. Levi thinks the pandemic made it hard to form new relationships.
Even as the coronavirus knocked markets and sent most money managers assets under management sliding in March and April of 2020, the industry bounced back quickly.
In 2020, growth managers came out on top in a big way, U.S. passive strategies continued to pull in assets, outcome-oriented investing fared well as factor investing floundered and ESG continued to grow at an impressive clip.