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Laxman Pai, Opalesque Asia:

A survey reveals that asset managers would like to see growing adoption of artificial intelligence (AI) tools, more innovation in ESG, and customisation from index providers over the next 12 months.

The Index Industry Association (IIA)'s fourth annual Survey of Global Asset Managers, conducted by Opinium, gathered insights from 300 chief financial officers, chief investment officers, and portfolio managers across Europe and the US, revealing key challenges and opportunities shaping the asset management landscape.

Asset managers are enthralled by the possibilities afforded by generative AI. Two-thirds say that generative AI/machine learning is the topic raised most frequently by their firms and colleagues over the past 12 months.

Respondents report already using generative AI tools, including virtual assistants, in many areas of asset management, from providing personalized financial advice based on transaction history to analyzing market news and trends to identify and research investment opportunities to optimizing portfolios and assessing market risk.

Meanwhile, managers' expectations about the growth rate of their ESG portfolios declined somewhat from the 2022/23 survey levels. Asset managers now expect that, in 2025, 27.5% of their portfolios will contain ESG elements, rising to 33.9% by 2027, compared to the previously forecasted 48.2% and 57.4% respectively. Similar adjustments are also evident at the ten-year time hori......................

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