Wealth and Asset Management
European Wealth Managers’ Net Flows to Decline Modestly in 2023
European wealth managers’ net inflows are likely to decline in 2023 as inflation squeezes disposable income, Fitch Ratings says. However, the fall should be modest as most clients have fairly high disposable income, which will not be significantly eroded by higher living costs. In most cases, wealth managers’ credit profiles…
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