From Morningstar: 2024-09-23 06:58:00

Europe’s largest asset managers are making big moves to navigate industry trends. Recent acquisitions include BNP Paribas acquiring AXA’s asset management, creating a combined entity with 1.5 trillion in assets under management. Regulatory encouragement led to UBS acquiring Credit Suisse, aiming to uphold Switzerland’s banking sector reputation post-scandals and outflows. Investor dissatisfaction with management missteps has influenced decisions, as seen with GAM Investments facing outflows and an activist shareholder takeover. Amundi’s history of acquisitions has solidified its position as Europe’s largest asset manager, driving the industry trend towards passives and alternative investments. BlackRock’s entry into alternative investments through acquiring data provider Preqin showcases a push towards diversification and enhanced data access. Overall, market consolidation and strategic moves into passives and alternatives are shaping the landscape of Europe’s asset management industry.



Read more at Morningstar: European Asset Managers: M&A, IPOs and ETFs