Q2'20 rebound boosts European asset managers half-year figures
On the 09.30.20 at 7:55AM
European managers’ assets under management fell 1.5% in the first half of 2020 (vs. December 2019) due to Covid-19 induced market downturn in the first quarter. However, the central bank-assisted rebound in Q2 helped offset this decline.
The average assets under management (AuM) of European investment managers fell 1.5% to €10.4trn during the first half of 2020, according to latest data from Moody’s.