Cohen & Steers CEO: why long-only products are in secular decline

Bob Steers, co-founder and CEO of Cohen & Steers has claimed that the asset management industry has reached a defining moment. Discussing with Citywire Selector, Steers highlights that long-only active asset management in its current form is no longer a growth industry and even though opportunities are still present, actively managed long-only products are in secular decline. Due to this, Steers discusses the rise is passive products and who will benefit from this ever-growing industry.