U.S. Asset Managers are lagging their international counterparts when it comes to artificial intelligence, blockchain and other advanced technologies, according to a new survey from Fidelity. The Future of Investment Management.” The study included responses from 905 institutional investors in 25 countries, with $29 trillion in combined investable assets. Public and private pensions each represented about one-quarter of respondents, with the remainder including endowments, insurance companies, and sovereign wealth funds.
Although 73 percent of respondents think these technologies will play a big role in asset management over the next seven years, a big slice of allocators, particularly those in the U.S., are not doing anything to test and explore these technologies. What's more, 77 percent of U.S. allocators are not currently testing or considering how artificial intelligence and advanced analytics can help their investment processes. Outside the U.S., the picture is completely different. Eighty-eight percent of non-U.S. institutions are now putting these technologies through a serious evaluation and test, according to the report, entitled “Fidelity Global Institutional Investor Survey:
