With markets having already experienced an ‘unsynchronised recession’, the asset manager expects a re-acceleration of big tech in the coming quarters and suggests the worst is behind us.
Since closing the Pendal deal earlier this year, Perpetual AUM has grown by $1.7 billion while it saw $5.1 billion net outflows, mainly in global equities strategies and fixed income.
The world’s largest asset manager has announced a new 50-50 joint venture with Jio Financial Services to introduce a new player to the Indian asset management industry.
