Europe must recover its competitiveness if it is to maintain its status as a global leader on sustainability and inclusion, analysis by McKinsey has concluded. According to Accelerating Europe: Competitiveness for a New Era, unless growth is re-energised, the standard of living across the continent could end up eroded. The report argued that Europe’s competitive…
The headlines say fund groups’ profits fell, but what else can we learn from McKinsey & Company’s Asset Management 2017 report into the European funds industry?
Worldwide profits for traditional mutual fund groups fell by close to 3% in 2016, despite higher assets under management, according to a report by McKinsey.
Increased competition and unfavourable markets could see asset managers’ profits squeezed by as much as 35% over the next two years, according to a report by McKinsey and Company.
Eurozone banks lost interest income totalling more than $200bn between 2007 and 2012, as a result of ultra-low interest rates, according to research from McKinsey
