Major Asset Managers Report 1.3% Decline in Assets Under Management for October
Total assets under management (AUM) across ten major asset managers fell by 1.3% month-over-month in October. This follows a consecutive decline of 1.8% recorded in September, signaling a period of contraction for large-scale fund administrators. The downturn is primarily attributed to broader market weakness, specifically within equity markets leading up to the midterm elections. During this period, the S&P 500 experienced a 0.9% decline, contributing to the overall reduction in managed assets.
Tickers: $SPX
Topics: Assets Under Management Equity Markets S&P 500
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