The Threat of Amazon, Big Tech Disrupting Active Fund Management

The video discusses Amazon's potential entry into the mutual fund market, leveraging its vast customer base and digital ecosystem. Rory Callagy from Moody's highlights Amazon's strategy to start as a distributor before possibly moving into manufacturing. The discussion compares Amazon's potential impact on the industry to Vanguard's dominance. Moody's provides insights into the current market trends, noting the shift from active to passive funds and the stable outlook for asset management credit ratings. The video also explores consolidation opportunities in the asset management industry, particularly in smart beta and specialized ETFs.

What trends are affecting the ratings outlook for asset managers according to Moody's?

What challenges do active mutual funds face in the current market?

Why might consolidation in the asset management industry not be beneficial?