NEPC’s CIO Tim McCusker is quoted in this Institutional Investor piece on how longstanding asset managers are pivoting toward ETFs amid diminishing institutional mandates. Read the full article on Institutional Investor to explore the implications of this shift.
A little over a year ago, the $18.5 billion Westwood Holdings Group entered the exchange-traded-funds business for the first time, with the launch of two active, energy-focused funds. Since then, the Dallas-based asset and wealth manager has expanded its lineup to 16 actively managed ETFs, now totaling nearly $200 million in assets.
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As opportunities in institutional dwindle, more asset managers are pivoting to retail. “The institutional world has been under a lot of pressure for over a decade,” said NEPC’s Chief Investment Officer Tim McCusker. “Broader investment management fee pressure, the lack of alpha generation, everything except private markets has had a really tough time.”
Click here to read the full article on the Institutional Investor site.