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Fortune
Fortune
Robert F. Smith

Why asset managers could be the unlikely heroes who drive social, cultural, and economic impact at scale

(Credit: Bertha Wang - Bloomberg - Getty Images)

The global asset management industry has a total asset base of $126 trillion–five times the gross domestic product of the U.S., the largest economy in the world.

Only 1.4% of that astounding sum is allocated to diverse asset managers. Asset allocators, therefore, have enormous room to build more inclusive societies by increasing investments in diverse managers.

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