Research consultant Spence Johnson is trying to get a handle on institutional investors, and asset managers are going to help.
More than 30 global asset managers, including BlackRock, Aberdeen Asset Management, and Schroders, have pledged to submit firm data and information to help build a new database to track institutional asset flows and behavior, Pensions & Investments reports. A beta version of the product, known as Institutional Money in Motion, tracks asset class flows and identifies investment themes, and includes data from firms that manage a total of $2.75 trillion in assets.
Spence Johnson predicts a 33% drop in the revenue pool of asset managers running U.K. corporate defined benefit plans by 2023.
“The margin for error in developing and marketing new products is getting smaller,” said Nigel Birch, director at Spence Johnson.
A full version of Institutional Money in Motion is due to launch at the end of the summer.
Photo: r2hox via Flickr.