The COVID-19 pandemic has pulled the world into uncharted waters. Amidst the uncertainties, AWM industry players need to reassess their top priorities - to not only overcome the challenges posed by the crisis, but also to address industry concerns about the new post COVID-19 world.
Slow growth and wafer thin margins have been key concerns so far, but now there are bigger issues which fund managers need to consider led by the COVID-19 crisis, for instance increased liquidity crunch, large fund outflows besides a potential global recession.