Northern Trust surveyed asset management executives, finding a strong interest in digital assets. Almost a third are already invested in the asset class. Another 32% plan to support new asset classes. Of that group 54% are eyeing digital assets, translating to 17% overall. In other words, if the investment managers follow through on their plans, the proportion of assets managers invested in the asset class would increase from 32% to 49%.
These are not small asset managers. Of the 300 survey respondents, 90% manage more than $10 billion, with half managing north of $100 billion.
“It is not surprising that digital assets are increasing and there is a shift towards longer-term investment in digital assets versus more short-term gains that we saw two years ago,” said Caroline Higgins, Head of Global Fund Services Northern Trust, Asia Pacific.
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