Asset managers also promoted equities less in the APAC region during Q3 2023, data by Fundamental Monitor shows
Asset managers shifted towards fund promotion in their APAC advertising during Q3 2023, according to data by Fundamental Monitor.
At 58%, fund promotion accounted for the majority of all asset management advertising in the APAC region during Q3. This was up from 33% in Q2.
On the other hand, brand campaigns and insights promotion saw a decrease compared to Q2. The share of brand campaigns fell from 42% to 24%, while the advertising of insights dropped from 25% to 18%.
Equities advertising dropped significantly in Q3 to 5% from 21% in Q2. The promotion of fixed income saw a slight increase to 11% while ETF advertising remained stable at 14% of total advertising volume. Multi asset and ESG continue to be at much lower levels than seen in previous years.
Despite the decrease in overall advertising dedicated to equities compared to Q2, there were a higher number of active advertisers promoting the asset class in Q3 (13 in Q2 vs 17 in Q3). The number of asset managers promoting fixed income also increased as did the number of ETF advertisers and ESG advertisers. However, the number of multi asset advertisers halved from 6 in Q2 to 3 in Q3.
Below are some examples of the type of campaigns that were in market in APAC in Q3 2023:
Fund promotion – La Trobe Financial
Fund promotion – J.P. Morgan Asset Management
Fixed income – Alliance Bernstein
ETFs – Global X Funds