Survey State Street on how asset managers handled the impact of Covid-19

Survey State Street on how asset managers handled the impact of Covid-19

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To understand how asset managers handled the impact of COVID-19, State Street commissioned CoreData Research to conduct a survey of 250 global investors in April 2020.

“The survey findings indicate a slightly more upbeat perspective than many would have expected,” said Mark van Weezenbeek, Country Manager and Head of State Street Global Services, Netherlands. “With the slowing of COVID-19 cases across Europe and the phased restart of its most impacted economies, it appears that some investor confidence may be returning.”

Angela Summonte, head of Asset Owner and Official Institutions, Sector Solutions EMEA said: “With traditional fixed income strategies generating lower returns, we are observing insurance companies increase allocations into this asset class at an accelerated pace. We’re seeing an uptick in insurance firms coming to us for our alternative asset servicing capabilities and differentiated skill sets, as well as our broader technology offering. We believe the current COVID-19 crisis will further intensify the move towards alternatives.”