Daily Management Review

Goldman Sachs Stands Out As The ‘Worst-Selling Fund Manager’ Worldwide In 2017


07/10/2017


Withdrawals beats outflows at GSAM almost by double the amount at GSAM.



Goldman Sachs Stands Out As The ‘Worst-Selling Fund Manager’ Worldwide In 2017
As per the data presented by Morningstar, the “Asset Management’s mutual funds” of Goldman Sachs saw its investors pulling an “estimated” amount of “$26.7” till date in the year of 2017, reported the Financial Times. As a result, Goldman turned out to be the “world's worst-selling fund manager globally”.
 
The above mentioned outflow figures nearly accounts for over fifty percent of GSAM’s “asset manager’s strategies globally”, said the Financial Times. Federated Investors, “the second-worst selling fund house”, experienced that the outflows of Goldman were twice as much as the “level of withdrawals”.
 
There was a seven percent drop in GSAM’s revenues in the year 2016, while its profit collapsed by seventeen percent, whereas in the first quarter of 2017 alone GSAM witnessed a revenue drop of seven percent in comparison to the “previous three-month period”.
 
 
References:
www.reuters.com







Science & Technology

Facebook may start production of its own microprocessors

Long-Term Alcohol Monitoring Could Be Possible With A New Injectable Chip Developed By U.S. Researchers

Sweden Now Has The First Electrified Road In The World

Over 270,000 Account Globally Banned From Twitter For Promotion Of Terrorism

Device Capable Of Hearing The Inner Voice Developed By Researchers

New mobile technologies will warn about natural disasters

The brewing industry welcomes blockchain

Asset-Sharing App Of Ryder Is Meant For Commercial Vehicles

Credit Suisse: China will become the leader in AI sphere

Five new technologies that will change the world

World Politics

World & Politics

Debates over Google are heating as a new EU directive is about to be introduced

Will Merkel accept Macron's plans for Europe?

USA and China are pushing North Korea to denuclearization

Germany's dilemma: Will the atomic energy win?

A Forceful Response To Syria Attack Will Be Given By U.S.: Trump

Is Trump’s Maximum Pressure Tactic On North Korea Succeeding Because Of China?

Why are Turkey-EU relations moving back?

Record-Breaking $39 Million raised for Rare Cancer Research in 2018 by Cycle for Survival