Moody's: AI in asset management favours cost savings over investment gains

KUALA LUMPUR: The enduring impact of artificial intelligence (AI) on the global asset management sector is likely to be cost-saving rather than delivering investment outperformance, according to Moody's Ratings.

The agency noted that firms with ample resources that fully embrace AI-powered automation will see the greatest benefits, but AI will not provide sustained market outperformance for the industry.