Insight Investment Funds Report September 2023—Sub-advisors Adapt to a Business in Transition—or Perish

Despite some recent volatility, the asset management business has been growing at a rapid pace in Canada over the last decade, albeit a deep transformation has also been underway. Shifting product preferences, fee compression, changing advisor practice models and the sheer scale of the business are key drivers reshaping the industry. Sub-advisors have not been immune to the shifting sands and their business has been under pressure, but as some doors closed other opportunities emerged.

The September Insight research feature looks at the sub-advisory business in Canada, with a focus on the investment funds business. The data is reviewed by product type, asset class, asset manager and more. The Trendlines article delves into the growing segment of principal-protected ETFs in the United States.