The European asset management industry: Navigating volatile times
Mckinsey and Company
JULY 9, 2025
A large share of net flows was directed toward low-margin products such as passives (â¬316 billion), money market funds (â¬133 billion), and active fixed income (â¬321 billion). High-margin asset classes have revenue margins of more than 30 basis points and include alts, active equity and active multi-asset. basis points).
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