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Laxman Pai, Opalesque Asia: Majority of Most institutional investors are still confident in their external money managers during the economic downturn that has come as a result of the coronavirus pandemic, said a survey.
Globally, 76% of institutional investors stated that they have faith in their asset managers' ability to navigate the crisis, while a similar percentage of respondents (74%) rated the communication and support from their asset managers as either 'strong' or 'very strong', according to a new survey from State Street Corp.
Market commentary and strategic views from asset managers have been overwhelmingly viewed as the most important ways managers can help institutional investors (76%), said the research, conducted by Core Data in April 2020, surveyed 250 investment professionals at pension funds, endowments and foundations, insurance companies, sovereign wealth funds and other institutions managing assets globally.
32% of institutional investors would like better support from their managers in this area, added the study collated their views on the impact of the COVID-19 pandemic and how asset managers have handled the crisis.
Around one-third of investors are keen to get more information on 'investment opportunities assessment' (36%) and 'timing for action and reaction' (34%).
Another important form of support from asset managers was 'proactive and responsive relationship managers' (45%). The rising importance of technology during the crisis ...................... To view our full article Click here
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