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Chart of the Day: Top three main drivers of automation for fund managers

Nearly seven in 10 are inclined to use automation for fund distribution.

The top three main drivers of automation for businesses related to fund management are fund distribution (79%), revenue expansion (56%), and geographical expansion (52%).

The chart from Calastone’s report also showed that compared to Singapore, most markets surveyed cited client service as top driver for automation.

For others, cost reduction via automation is their top driver to rid themselves of manual tasks.

“Asset servicers and administrators are more driven by reducing costs than investment managers. This isn’t surprising considering the administrative nature of the businesses and their business models and the fact that they have considerably lower margins than asset managers,” said Calastone.

Almost 600 mutual fund investment managers and mutual fund asset servicers or administrators from global markets, including Singapore, were tapped in this study.

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