Moody's slashes its outlook for the global asset management industry

The global asset management industry has been disrupted, according to a new report by Moody's Investor Services released Tuesday, December 6.
In the report, Moody's downgraded the industry to negative.
A combination of trends, including lackluster active management performance, global regulation, and increasing cost consciousness has led investors to move away from actively managed funds and into low cost passive products like exchange-traded funds, or ETFs.
"Active management performa