Fee pressure, investment management insourcing, growth in self-directed investing and increasing use of passive and listed fund structures.  These trends are well known and appear well established. The drivers and long term implications of these trends however are less clear.

Are all of these trends structural or are some cyclical? Are there are other less well known but equally important trends the market is missing? What lessons can be learned from established trends in offshore markets?   Incorrect interpretation of trends can lead to impulsive and poor decision making.

Our research goes beyond the headline industry data to create a framework for translating industry trends into estimates of the future contestable market for individual asset classes and products.