Acadian Well-Positioned to Benefit as Systematic Strategies Gain Momentum, RBC Says

MT Newswires Live05-20

Acadian Asset Management (AAMI) is well-positioned to benefit as systematic strategies gain traction across the industry and clients seek more consistent investment outcomes, RBC Capital Markets said.

Management believes the serviceable addressable market for Acadian's strategies is about $18 trillion in assets under management, with a projected 10% five-year compound annual growth rate across institutional equity, wealth management equity and active credit opportunities, according to the note Tuesday.

The systematic credit area remains nascent across the industry, and RBC said potential adoption and growth could be somewhat slower than for Acadian's systematic equity products.

Management also highlighted potential opportunities across global sub-advisory, non-US intermediaries, US ultra-high-net-worth investors and US defined contribution markets, the note added.

RBC reiterated its sector perform rating and $66 price target on Acadian Asset Management.

Shares of Acadian Asset Management were up 2.7% in Wednesday trading.

Price: 69.92, Change: +1.81, Percent Change: +2.66

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap
Leave a comment