Fund Firms Join Forces in Tough Times

Editor's Views: The merger of Premier and Miton is a sign of the times for asset managers, why Lindsell Train's Prada bet could be risky and why we've gone back to basics this week

Holly Black 6 September, 2019 | 10:08AM
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editor

The merging of fund groups Miton and Premier is just the latest in a run of M&A activity in the funds sector. And I think it’s a really interesting indicator of where the industry is at.

More Mergers

Competition has forced fund fees down in recent years and at the same time there has been little to no consolidation in the number of funds available to investors. Instead, we have seen a boom in low-cost exchange-traded funds, which have attracted investors in their droves. Add into the mix a steady stream of regulation – Mifid II, PRIIPS and GDPR, to name just a few horrible acronyms – and you start to see the challenges facing fund firms. Against that backdrop, it’s not difficult to understand why we are seeing a run of mergers and acquisitions.

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About Author

Holly Black  is Senior Editor, Morningstar.co.uk

 

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