2 Asset Management Stocks to Buy This Summer By StockNews

© Reuters. 2 Asset Management Stocks to Buy This Summer

With increasing demand for strategic asset management, asset management companies are growing rapidly. As individuals and institutions move to reorganize their finances as they recover from last year’s pandemic-driven recession, we think asset management concerns SEI Investments (SEIC) and Affiliated Managers Group (NYSE:) should perform well in the coming months.Asset management is one of the fastest growing industries because people are turning increasingly to professional services to manage their finances. Asset management firms have gained popularity among the younger generations over the past couple of years. And because millennials are forecasted to hold five times the wealth they hold now by 2030, the demand for wealth management will almost certainly grow. In fact, 47% of the younger generations are expected to engage wealth management firms.

As individuals and corporations sort their finances as they recover from the pandemic-led recession, the global wealth management market is expected to increase 8.7% year-over-year to $1.26 trillion in 2021.

Thus, we think the stocks of SEI Investments Company (NASDAQ:) and Affiliated Managers Group, Inc. (AMG) are attractive bets now.

Continue reading on StockNews

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.

Source link

Show More

Related Articles

Leave a Reply

Your email address will not be published. Required fields are marked *

Back to top button