Research firm reports that regulatory shifts, ETF expansion and private markets distribution are stretching development resources.
Asset managers encountered considerable pressure throughout 2025 as product development teams operated within a rapidly shifting political and regulatory landscape, according to Cerulli's US Product Development 2025 report. The findings show that the ETF structure remains a central strategic focus Cerulli stated that product groups had already been adjusting to tax customisation, active exchange-traded funds (ETFs) and expanding private markets expo