Moody's figures reflect notable drop in revenues for EU asset managers

Despite the negative numbers, Moody's says in a statement that European asset managers showed resilience as financial markets rebounded from the sell-off in Q1.

Revenues for European asset managers fell 9 percent year-on-year during the first half of this year, as the sector’s assets under management declined 1.5 percent as a result of a slump induced by Covid-19, reports Funds Europe.

Figures from ratings agency Moody’s show that the average earnings margin of European asset managers dropped 27 percent during the first half of 2020, reflecting lower management fees during the period, while costs remained broadly unchanged.

Read the whole article

Get 14 days free access.

No credit card is needed, and you will not be automatically signed up for a paid subscription after the free trial.

  • Access all locked articles
  • Receive our daily newsletters
  • Access our app
An error has occured. Please try again later.

Get full access for you and your coworkers.

Start a free company trial today

More from AMWatch

Nasdaq reports record year in Europe

In 2021, the number of new equity listings on the Nasdaq exchange in Copenhagen broke the old record set in 2007, and in Stockholm, the exchange recorded its highest-ever number of new listings. Nasdaq also had increasing trading volumes last year.

Further reading

Related articles

Latest news


Latest news from FinansWatch (dk)

Latest news from EnergyWatch

Latest news from ShippingWatch