Asset manager margins squeezed as infrastructure bill climbs, PwC finds

Infrastructure moves up the strategic agenda as asset managers confront margin pressure

LUXEMBOURG, Nov. 3, 2026 /PRNewswire/ -- Infrastructure is moving from the back office to the centre of asset managers' strategy. With profit per AuM down 19% since 2018 and projected to fall another 9.1% by 2030, decisions on what to build, buy or access through partners now shape how firms compete, according to PwC's Global Asset Management Infrastructure: Rethinking the industry's piping report. 67% say fee compression is limiting their ability to invest.